Question

What is the difference between economic and non ecinomic activitie?

Answer 1

Answer:

An economic activity means an action that is done using scarce resources to satisfy human needs.

Is related to or based on.

It the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity.

Examples Consumption, investment

Non-Economic activities refer to those activities, which are not undertaken to earn money.

They are performed out of sympathy, love, patriotism, sentiments etc.