Introduction of family activities into monetary and non monetary activities
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The activities in a family can be classified based on factors like monetary benefits and non-monetary benefits.
The non-monetary activities include all the family work which does not have any directly available monetary benefits. Such non-monetary activities include domestic work, civic care, household care, etc. Though these activities do not get represented by any monetary value, they are still considered to be a vital, necessary and an important sector of the economy. Since the non-monetary activities include domestic work and civic work, they may include parameters like status, delegation, recognition, balancing of work and personal life, appreciation, work condition, etc.
Considering the current situation of our economy, the activities and the work that give direct monetary benefits and financial compensation are more important than the unpaid work. The important factors of monetary activities include most of the financial parameters like - Income, Salary, incentives, bonus, Commissions, sharing of profits, stock option, etc.
The non-monetary activities include all the family work which does not have any directly available monetary benefits. Such non-monetary activities include domestic work, civic care, household care, etc. Though these activities do not get represented by any monetary value, they are still considered to be a vital, necessary and an important sector of the economy. Since the non-monetary activities include domestic work and civic work, they may include parameters like status, delegation, recognition, balancing of work and personal life, appreciation, work condition, etc.
Considering the current situation of our economy, the activities and the work that give direct monetary benefits and financial compensation are more important than the unpaid work. The important factors of monetary activities include most of the financial parameters like - Income, Salary, incentives, bonus, Commissions, sharing of profits, stock option, etc.
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