Question

What is the difference between economic activity and non economic activity

Answer 1

Economic activities are concerned with money and non economic activities are not concerned with money.

Answer 2

|$\small\tt\pink{Economic\: Activities}$|

•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.

|$\small\tt\pink{Non-Economic\: Activities}$|

•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.