what is the difference between an economic activity and non economic activity
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Answer:
These refer to activities that include providing services to others without any expectation of monetary gain. Primary motive of economic activities is creation of wealth and earning financial remuneration. Non-economic activities are usually socially binding or undertaken for psychological satisfaction.
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Answer:
Economic activities help to increase the income of the particular country. They add value to the GDP.
Non economic activities don't generate any income. They don't add value to GDP.
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