is there is any mistake in the answer , if yes pls correct them
Economic Activities Non-Economic Activities The activities in the third sector result in the production of goods and services. Activities, which are not performed to earn money but to get some satisfaction, are called non-economic activities. These activities add value to the national income. These activities are called economic activities. These activities are performed to discharge social obligation or for physical fitness or for recreation. Economic activities have two parts — market activities and non-market activities.
Market activities involve remuneration to anyone who performs. People visiting places of worship, providing relief to the victims of flood and earthquake, engaging in sports activities, gardening, listening to radio or watching television are all examples of non-economic activities Non-market activities are the production for self-consumption. The three activities most often reported are cleaning, cooking, and childminding.
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ECONOMIC ACTIVITIES
Activities, which are performed with an objective activities. For example, a farmer grow crops to sell them, a factory or office employee salary, a businessman earns profit through buying and selling of goods.
NON-ECONOMIC ACTIVITIES
Non-economic Activities, which are not performed to earn money but to get some satisfaction are called non-economic activities. These activities are performed to discharge social obligation or for physical fitness or for recreation. People visiting places of worship, providing relief to the victims earthquake, engaging in sports activities, gardening, listening to radio watching television are all examples of non-economic activities.
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