Question

What is economic activity and non economic activity?

Answer 1

Answer:

economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

Explanation:

In terms of the national economy, a basic classification of economic sectors, broken into four basic sectors is used:

Raw Materials (Primary Sector)

Manufacturing and Industry (Secondary Sector)

Service Sector (Tertiary Sector)

Knowledge Sector (Quarternary Sector)

Answer 2

Answer

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Economic activity :-

•Economic activities are performed to earn money or wealth.

•Economic activities take place either between employer or and employee or between supplier and consumer or between professional and client.

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Non-Economic activity :-

•Non-economic activities are performed for pleasure love and affection. These activities do not have money aspects.

•These activities generally take place between family members or between social workers and those who are being served by them.

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