Question

What is the difference between economic activities and non-economic activities?

Answer 1

The activities that add value to the national income are called economic activities. They can be divided into two types: market activities and non-market activities. Market activities involve the activities performed for pay or profit, and non-market activities include the production done for self-consumption. The activities that add no value to the national income are called non- economic activities. The domestic chore is an example of non-economic activities.

Answer 2

Answer:

The activities which add value to the national income are called economic activities. In simple language we can say that those activities which are performed for money are called economic activities and those which are not performed for monetary gains are called non-economic activities.

• For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc. Non Economic Activites :- These activities do not give any income in return. These are done out of compassion ,love and care. For Example:- Doing social work, helping the poor, going to temple etc.

Explanation:

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