economic and non economic activities are classified on the basis of
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owner ship
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sst chapter resources and development
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Classification of economic and non-economic activities is on the basis of the objective.
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- Economic and non-economic activities are classified into various classes on the basis of their aim.
- Economic activities are mostly directed towards producing profits in return for the capital invested. Some examples of economic activities are business, employment, and various professions.
- On the other hand, non-economic activities are the ones that main aim of which is the service of the society or voluntary help. It does not aim at generating profits. Some examples of non-economic activities are NGOs, social work, etc.
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