From your surrounding give four example of those activities which are both economic and non- economic
Answers
Explanation:
Any activity that leads to some earning or flow of cash comes under the umbrella of an economic activity.
Some of the common economic activities that we see are trade, transportation, manufacturing, technical services, teaching, banking etc. All these activties create some cash flow.
Now non ecomic activties are treating people with respect, helping someone without money, curing some patient free, coaching someone for free and gardening
Example of economic and non economic activities
Teaching - Teaching at school and coaching for income is economic activity, while teaching for charity is non economic activity.
Treatment of patients - Treatment provided by doctor in exchange of fees is economic activity while free of cost treatment at camps or other places is non economic activity.
Cooking - Cooking at restaurants, stalls for income is economic activity while cooking at home is non economic activity.
Cleaning - Cleaning work done by domestic helper, sweeper is economic activity while cleaning done by individual at their home is non economic activity.
Economic activities
Activities which help in earning money are called economic activities.
Non-economic activities
Activities which do not help earn money are non economic activities.