what is different between economic activity and non economic activity
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Answered by
104
Economic Activity:-
1. It refers to a human activity related to production and consumption of goods and services for economic gain.
2. It adds to national income.
Non-Economic Activity:-
1. It is an activity performed with the aim of providing services to others without any regard to monetary gain.
2. It doesn't add to national income.
1. It refers to a human activity related to production and consumption of goods and services for economic gain.
2. It adds to national income.
Non-Economic Activity:-
1. It is an activity performed with the aim of providing services to others without any regard to monetary gain.
2. It doesn't add to national income.
Answered by
38
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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