Question

Group the following as economic or non-economic activities :
(1) Teacher teaching his son
(1) Teacher teaching in the class
(ii) Farming
(iv) Haircut
(v) Watching movie
(vi) Washing of clothes by mother
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Answer 1

Answer:

vi and IV

Explanation:

Washing of clothes by mother

Answer 2

Answer:

Explanation:

Economic activity:

An economic activity is one in which people engage in the provision, production, acquisition, or exchange of goods or services in order to meet their basic requirements. Any activity involving the creation, supply, or use of goods or services is considered an economic activity.

Economic activities are those that involve the exchange of goods or services for money. The following are the three categories of economic activity:

• Business: This economic activity fulfils daily human requirements with products and services with the intention of making a profit.
• A profession is also known as an occupation or a professional job that provides specialized services in exchange for fees paid to professionals.
• Employment: A contract between the employer and the employee is the basis of this activity. Here, the worker does work for the business and receives payment (in the form of wages or a salary) in exchange.

Non - economic activity:

A non-economic activity is one that is carried out with the intention of providing services to others without taking financial gain into account. Non-economic activities are those that are started for personal enjoyment or to satisfy human needs.

The following are some typical instances of non-economic activities:

• Activities for leisure time: They try to provide enjoyment when there is none. For instance, singing, drawing, etc.
• Family-focused activities: These endeavours are devoted to and motivated by the institution of the family. A doctor consulting a patient who is a member of his family, for instance, or a teacher providing education to their own child at home.
• The concepts of happiness and mental contentment are included in cultural and religious activities. For instance, praising God, going to the temple, etc.
• Social welfare activities: They are driven by a desire to help or have empathy for others in the community. They consist of giving to the less fortunate, taking part in camps to aid those affected by war, natural disasters, etc.

Group the following as economic or non-economic activities

Washing of clothes by mother

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