name a economic activity and non economic activity
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Answer:
The three types of economic activities are as follows:
Business: – This economic activity provides goods and services to satisfy human needs on a daily basis with the aim of earning profits.
Profession: – It can also be defined as an occupation or a professional job that offers specialised services in return for professional charges.
Employment: – This activity is based on a contract between the company and the employee. Here, the employee performs duties for the company, and is paid (with wages or a salary) in return.
Some common examples of non-economic activities are the following:
Free time activities: – They aim for at acquiring pleasure during idle times. For example: painting, and singing, etc.
Family commitment activities: – These activities are dedicated and inspired by the institution of family. For example, a teacher offering education to own child at home, a doctor consulting a patient in his family, etc.
Cultural and religious activities: – These activities includes the ideas of happiness and mental satisfaction. For example, e.g. worshiping God, visiting the temple, etc.
Social welfare activities: – They are based on the passion for helping or sympathising towards others in the society. They include donations to the underprivileged, participation in relief camps to help the people affected by war, natural calamities, etc.
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Answer:
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