Question

Q. Difference between Economic and non -economic activities With Example?

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Answer 1

$\underline{ \mathrm{ \red{Economic \: activity - }}}$

➡️Economic activity refers to a human activity related to production and consumption of goods and services for economic gain.

➡️Measured in monetary terms.

➡️ Add value to national income.

Examples - Transportation,Mining,Manufacturing,Production,

Banking,Distribution,Consumption,Farming,Cultivation,Livestock keeping.

${ \underline{ \mathrm \red{Non-economic \: activity - }}}$

➡️Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

➡️Lacks money measurement.

➡️Does not affects national income.

Examples - house-helps works,social aid,praying someone in a church.