what is the difference between economic activities and non-economic activities?
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Answered by
15
Answer:
economic activity:-
1) it's done to earn money or to acquire wealth
2) these are undertaken for some country welfare or ones profit
noneconomic activity:-
they are not done to acquire wealth
2) they are done for love ,care
Answered by
4
Answer:
Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc. ... Economic activities result in creation and accumulation of wealth as they are done to earn profit.
Explanation:
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