Question

importance of economic activity and non economic activities in economics​

Answer 1

Answer:

✔These refer to activities that include providing services to others without any expectation of monetary gain. Primary motive of economic activities is creation of wealth and earning financial remuneration. Non-economic activities are usually socially binding or undertaken for psychological satisfaction.

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Answer 2

Answer:

These refer to activities that include providing services to others without any expectation of monetary gain. Primary motive of economic activities is creation of wealth and earning financial remuneration. Non-economic activities are usually socially binding or undertaken for psychological satisfaction.