Question

explain any three difference between economic and non economic activities​

Answer 1

Answer:

ECONOMIC:

• Economic activity refers to a human activity related to production and consumption of goods and services for economic gain.
• Economic, i.e. to earn money.
• Measured in monetary terms.

NON ECONOMIC:

• Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
• Social or psychological, i.e. out of love, affection, etc.
• Lacks money measurement.

Explanation:

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Answer 2

Answer:

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Economic, i.e. to earn money. ... Lacks money measurement.