State an example of any activity which at one time is economic and at other time, non-economic.
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Heya...
Let's take an example of stitching clothes...
Economic activity....
That is this activities in which economic transactions occurs....
So when a tailor stitches clothes and sell them to earn money...
At that time it is economic activity..
Non Economic activity....
That is those activities in which no any transaction occur....
If a lady stitches clothes for herself only at home not for sell....
At that time it is non economic activity....
Let's take an example of stitching clothes...
Economic activity....
That is this activities in which economic transactions occurs....
So when a tailor stitches clothes and sell them to earn money...
At that time it is economic activity..
Non Economic activity....
That is those activities in which no any transaction occur....
If a lady stitches clothes for herself only at home not for sell....
At that time it is non economic activity....
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