What is meant by economic activities and non economic activities?
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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.
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Economic Activity: It is an activity of providing, making, buying, or selling comodites or services by people to satisfy day-to-day needs of Life. Activities that involve money or the exchange of products or services are economic activities
Non Economic activities: It is an activity performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are known as Non Economic activities.
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