examples of economic and non economic activities
Answers
Answer: What are the examples of economic activities?
The production of raw materials. Agriculture, fishing, mining and forestry. The production of finished products. Manufacturing of technology, fast moving consumer goods, furniture, vehicles and clothing.
What are Non-Economic Activities?
Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are non-economic activities.
Some common examples of non-economic activities are.
Free -Time Activities – Its only aims at acquiring pleasure in idle time. For instance, painting and singing, etc.
Family-Commitment Activities – This activity is dedicated and inspired by family. For example, a teacher offering education to her/his own child at home and a doctor consulting his family, etc.
Cultural and Religious Activities – The activity includes happiness and mental satisfaction. Example, e.g. worshiping God and visiting the temple, etc.
Social Welfare Activities – It is based on a passionate feeling of helping or sympathising towards others. Such as a donation to underprivileged, participation on relief camp to help people affected by war, natural calamities, etc.
Answer
economic activity : Agriculture, fishing, mining and forestry. The production of finished products. Manufacturing of technology, fast moving consumer goods, furniture, vehicles and clothing
non economic activities :
Free -Time Activities – Its only aims at acquiring pleasure in idle time. .
Family-Commitment Activities – This activity is dedicated and inspired by family.
Cultural and Religious Activities – The activity includes happiness and mental satisfaction.
Explanation: