what is an economic activities and difference between economic and non economic activities
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Answer:
ALL THE ACTIVITIES THROUGH WHICH A INDIVIDUAL EARN MONEY OR ANYTHING BUT NOT FOR SELF CONSUMPTION IS CALLED ECONOMIC ACTIVITY
WE CAN ALSO SAY THAT ACTIVITY THROUGH WHICH PEOLE WARN ADN THEIR INCOME ADDED IN GDP OF COUNTRY
NON ECONOMIC ACTIVITY ARE THISE THROUGH WHICH INDIVIDUAL EARN OR PRODUCE FOR SELF CONSUMPTION
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Difference Between Economic and Non-Economic Activities
Parameter Economic Activity Non-Economic Activity
Motive Primary motive of economic activities is creation of wealth and earning financial remuneration. Non-economic activities are usually socially binding or undertaken for psychological satisfaction
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