Question

make the list of 20 people of your locality and write down their activities and classified that economic and non economic

Answer 1

Answer:

Economic Activity: An economic activity is an activity of providing, making, buying, or selling of commodities or services by people to satisfy their day-to-day needs of life. Economic activities include any activity that deals with the manufacturing, distributing, or utilising of products or services

Non-economic activity: A non-economic activity is an activity performed with the purpose of rendering services to others without any considerations of financial gains. Activities that are initiated for personal content or for meeting human sentiments are non-economic activities.

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