what is economic activity and non economic activity? explain with illustration
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Meaning. 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.
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economic activity are those activity in which we earn profit (money) ex selling goods
Non economic activity are those activity in which we do not earn profit
ex Giving goods as a Gift
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