Question

Explain the difference between economic and non economic activities

Answer 1

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services.

or

Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain

The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction.

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Answer 2

Explanation:

Economic activities are that activities which provides you the opportunity to earn money. But in case of Non economic activities it doesn't allow you to earn money .

Example of economic activities: selling goods etc, Non economic activities : Free meals, Free educations etc which is done by social workers.