Illusstrate the difference between economic and non-economic with examples.
Answers
Explanation:
Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
Answer:
Economic activity is an activity of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain.For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc. Non Economic Activites :- These activities do not give any income in return. These are done out of compassion ,love and care. For Example:- Doing social work, helping the poor, going to temple etc.