What is difference between economic and non-economic activities?
Answers
Answered by
4456
Following are the main points of difference between economic activities and non economic activities:
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.
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Hope this will help you....
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.
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Hope this will help you....
Answered by
1358
Economic activities are those activities of man which are undertaken for earning money.Whereas non economic activities are those activities that are not undertaken for any monetary gain.
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