Economic and non economic activity kai example
Answers
Non economic activities include the following;
For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc. These activities do not give any income in return. These are done out of compassion ,love and care. For Example:- Doing social work, helping the poor, going to temple etc.
Economic activities are those conducts which involve some kind of monetary or financial motivation.On the other hand, non-economic activities often involve non-monetary motivations such as personal satisfaction or a greater social benefit.
Explanation:
As stated,economic activities commonly entail some sort of monetary or financial gains.In this regard, most of the conducts or practices in the society fall under this category as majority of the people are working or doing something to earn money/income/salary.Examples of economic activities can be personal businesses,any regular occupation such as banker,carpenter,teacher,lawyer and so on.In contrast, as mentioned, non-economic activities involve non-profit or charity activities such as philanthropic activities,environmental awareness programs,providing free educational and medical facilities to poor,personal donations etc.These activities usually do not involve any financial/monetary gains but personal satisfaction or social contributions.