Question

Explain the difference between economic and non economic activities​

Answer 1

Following are the main points of difference between economic activities and non economic activities:

Economic Activities:

1. Economic activities lead to an increase in the personal income of the individual.

2. Economic activities contribute to the flow of goods and services in an economy.

3. These add value to the national income.

Non economic activities:

1. Non economic activities do not increase the personal income of an individual.

2. Non economic activities do not contribute to the flow of goods and services in an economy.

3. These do not add any value to the national income.

Answer 2

Answer:

economic activity includes economy of country and economic development

non economic activity includes the self consumption of a person or a group

Explanation:

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