Question

Q. Difference Between Economic And Non-Economic Activitie.​

Answer 1

Answer:

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Economic, i.e. to earn money. Lacks money measurement.

Answer 2

Difference between Economic and Non-Economic Activites-

1. Economic activities are done for profit or economic gain while non-economic activities are not done for so.
2. Economic activities are closely or directly related to the market but non-economic activities are not so.
3. Some examples of economic activities are selling chocolates while of non-economic activities are donating money.

Note:

Topics are written in Bold (Economic and Non-economic Activities) while shortcut key words to remember the whole answer (profit, market, examples) are written in Italics.

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