Question

what is the difference between economic activities and non economic activities​

Answer 1

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.

Answer 2

Economic activities:

• Economic activities refers to a human activity related to production & consumption of goods & services for economic gain.
• Economic motive is to earn money.
• Money is measured in monetary terms.
• It results in creation of wealth & assets.

Non-economic activities:

• Non-economic activity refers to a activity performed with the aim of providing services to others without any regard to monetary gain.
• Non-economic motive is social or psychological.
• Money lacks in measurement.
• It results in satisfaction & happiness.