Q26. Identify the following activities into economic and non economic activities
and also mention which type of economic activities are they
1. people working for others and getting paid in the form of salaries
2. Providing food to the people in flood affected area by a charitable
institution
3. production and sales of goods by a leading textile industry
4. a lawyer filing a case in the court for his client
Answers
Answer:
1. Employment
2. Non-economic activity
3. Business
4. Profession
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Economic activity:
Activities performed by people for earning money.
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Types of economic activity:
1. Business: Production, purchase, sale or distribution of goods and services. For example: farming, manufacturing etc.
2. Profession: An individual with special knowledge and skills about his profession. For example: doctor, lawyer etc.
3. Employment: An individual works for somebody else. For example: Employee in a office, banks etc.
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Non-economic activity:
Activities performed by people to earn satisfaction. For example, giving answers on brainly, going to temple etc.
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[Note: These are not exactly definitions. I've explained it in easy language so that you can underatand]
Hope this helps [tex][/tex]
Mark as brainliest if you are satisfied :)
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