make a list of activities that constitute the ordinary business of life. why are these called economic activities
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list of activities that constitute the ordinary business of life:
(i) Working in a field.
(ii) Working in a factory or office.
(iii) Shopkeeper.
(iv) Treatment to a patient by a doctor.
(v) Teachers teaching in the school.
(vi) Milkman working in a dairy farm.
Non-economic Activities :
(i) Teacher teaching his own son.
(ii) Nurse serving her old mother.
(iii) Cooking of food by the housewife in her home.
(iv) Social service rendered by an NGO to flood victims.
Production, consumption, distribution are the some examples of economic activities. These are economic activities, as these are related to the use to scarce means for the satisfaction of human wants.Thus these are called economic activities.
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