Question

Q.3 Distinguish between economic activities and non economic activities.​

Answer 1

Heya!!

●Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.

●Economic activities result in creation and accumulation of wealth as they are done to earn profit.

Hope this helps you ___!!