what is the difference between economic activities and non economic activities
Answers
Answer:
An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity. Economic activities are performed for economic motive, i.e. earning profit. ... As opposed to non-economic activities, which have no influence over country's
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Difference between economic and non economic activity are as follows :
Meaning :
●Economic activities : Economic activities are those activities which are performed to earn a livelihood.
●Non-economic activities : Non-economic activities are those activities which are performed out of love, sympathy, sentiments, patriotism, etc
Aim :
●Economic activities : The main aim of these activities is to earn profits
●Non-economic activities : The main aim of these activities is psychological satisfaction.
End result :
●Economic activities : The end result of these activi-ties is to satisfy human need…
●Non-economic activities :The end result of these activities is mental satisfaction of the person performing them.
Examples :
●Economic activities : A teacher, a carpenter,a doctor, an artist, etc
●Non-economic activities : A teacher teaching her own son, a doctor treating poor patients without charging any fees, etc.
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