what do you mean by economic and non economic activates
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hi friend!!!
Every human being keeps himself occupied in some activity to satisfy human wants; such activities are known as human activities. These activities are broadly classified as economic and non-economic activities. While economic activities are those conducted with an aim of earning money or acquiring wealth, non-economic activities are performed free of cost, with service motive.
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Economic Activities :-
These activities give an income in return.
These are done to earn a livelihood.
For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc.
Non Economic Activites :-
These activities do not give any income in return.
These are done out of compassion ,love and care.
For Example:- Doing social work, helping the poor, going to temple etc.
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