explain economic and non economic activities with suitable examples?
Answers
Answer:
Non economic activities include the following;
For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc. These activitiesdo 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.
Explanation:
PLEASE MAKE IT BRAINLY......
Economic Activities:Activities or conducts undertaken to earn monetary benefits.
Non-economic activities:Activities or conducts without any monetary incentives or profit motives.
Explanation:
Economic activities can be described as activities or conducts that are motivated by some kind of monetary gains or profit incentives.Examples of economic activities commonly include production,selling,exchange of goods and services,consumption,distribution and so on.All these activities have common objective of financial profit or some sort of monetary gain.
On the other hand,non-economic activities basically involve activities or conducts which are not associated with any monetary benefits or profit incentives.Examples of non economic activities typically include non-profit activities,philanthropic missions,running charity organization,providing none-monetary donations to orphanage schools or old age homes etc.Note that these activities do not necessarily have any monetary objectives but rather induce self-satisfaction and socio-economic welfare of the community as a whole.