Q7 What is the difference between economic activities and non-economic activities?
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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.
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economic activity refers to the human activity related to production and consumption of goods and services for economic gain.non economic activity is an activity perform gladly, with the aim of providing services to others without any regards to monetary gain.
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