Question

Q.5. Distinguish between economic and non economic activities

Answer 1

economic- it refers to production and consumption of goods and resources
non economic activities refers to the aim of providing services to others.

Answer 2

Hey dear...

Here is your answer...

Main difference between economic and non economic activities______________

✔️✔️Meaning :
Economic activities : Economic activities are those activities which are performed to earn a livelihood.
Non-economic activities : Non-economic activities are those activities which are performed out of love, sympathy, sentiments, patriotism, Etc

✔️✔️Aim :
Economic activities : The main aim of these activities is to earn profits
Non-economic activities : The main aim of these activities is psychological satisfaction

✔️✔️.End result :
Economic activities : The end result of these activi-ties is to satisfy human need…
Non-economic activities :The end result of these activities is mental satisfaction of the person performing them

✔️✔️.Examples :
Economic activities : A teacher, a carpenter,a doctor, an artist, etc
Non-economic activities : A teacher teaching her own son, a doctor treating poor patients without charging any fees, etc.

........... ALONE BUT HAPPY.......

Hope it helps you!!!!