Question

What is the difference between economic activities and non economy activities.in150 words answer​

Answer 1

Answer:

Following are the main points of difference between economic activities and non economic activities:

Economic Activities:

• 1. Economic activities lead to an increase in the personal income of the individual.

• 2. Economic activities contribute to the flow of goods and services in an economy.

• 3. These add value to the national income.

Non economic activities:

• 1. Non economic activities do not increase the personal income of an individual.

• 2. Non economic activities do not contribute to the flow of goods and services in an economy.

• 3. These do not add any value to the national income.

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