Human activities are divided into economic and non-economic activities.
Answers
Answer:
Human activities can be classified as Economic and Non-Economic Activities.
An economic activity involves the production, distribution and consumption of all goods and services.
A non economic activity in done with no intention of earning a profit or any money.
Answer:
Economic activities:
1) Economic activities refers to a human activity related to production & consumption of goods & services for economic gain.
2) Economic motive is to earn money.
3) Money is measured in monetary terms.
4) It results in creation of wealth & assets.
Non-economic activities:
1) Non-economic activity refers to a activity performed with the aim of providing services to others without any regard to monetary gain.
2) Non-economic motive is social or psychological.
3) Money lacks in measurement.
4) It results in satisfaction & happiness.
Explanation:
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