Question

what is difference between economic activity and non economic activity​

Answer 1

Answer:

Explanation:

Economic Activities:

1. Economic activities lead to an increase in the personal income of the individual.

2. Economic activities contribute to the flow of goods and services in an economy.

3. These add value to the national income.

Non economic activities:

1. Non economic activities do not increase the personal income of an individual.

2. Non economic activities do not contribute to the flow of goods and services in an economy.

3. These do not add any value to the national income.

Answer 2

Answer :

Activities that add value to the national income are called economic activities. These have two parts – market activities (production for pay or profit) and non-market activities (production for self consumption).

Activities that add value to the national income are called economic activities. These have two parts – market activities (production for pay or profit) and non-market activities (production for self consumption).Non-economic activities are the ones that do not add to the national income; for example, an individual performing domestic chores.