Social services rendered by an NGO to flood victims is an economic activity. True or False?
Answers
Answer:
False
Explanation:
Make a list of activities that constitute the ordinary business of life. Are these economic activities ?
Economic Activities :
(i) Working in a field.
(ii) Working in a factory or office.
(iii) Shopkeeper.
(iv) Treatment to a patient by a doctor.
(v) Teachers teaching in the school.
(vi) Milkman working in a dairy farm
Non-economic Activities :
(i) Teacher teaching his own son.
(ii) Nurse serving her old mother.
(iii) Cooking of food by the housewife in her home.
(iv) Social service rendered by an NGO to flood victims.
Answer:
Social services rendered by an NGO to flood victims is an economic activity. This is a false statement
Explanation:
Economic activities: -
When resources like labour, capital goods, manufacturing processes, or intermediary items are combined to create particular goods or services, that is considered an economic activity. As a result, a production process, resource input, and product output define an economic activity (goods or services).
Non-Economic Activities: -
A non-economic activity is carried out to provide services to others without considering financial gain. Non-economic activities are those that are started for personal enjoyment or to satisfy human needs.
Conclusion: -
The above mentioned i.e. Social services rendered by an NGO to flood victims is an economic activity statement clearly defines the essence of non-economic activities.
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