what is the difference between economic activities and non economic activities
Answers
Economic activities. Activities performed to earn livelihood and having economic motive are termed as economic activities. These activities are concerned with the production, exchange and distribution of goods and services.
These activities are rewarded in monetary term.
Non-economic activities. Activities performed to satisfy emotional and psychological needs and having no economic motive behind them known as non-economic activities. These activities may be social, cultural, religious, educational.
Answer:
Economic activities. Activities performed to earn livelihood and having economic motive are termed as economic activities. These activities are concerned with the production, exchange and distribution of goods and services.
These activities are rewarded in monetary term.
Non-economic activities. Activities performed to satisfy emotional and psychological needs and having no economic motive behind them known as non-economic activities. These activities may be social, cultural, religious, educational.
Explanation: