what is the difference between economic and non economic activities
Answers
economic vs non-economic activitiesEvery human being keeps himself occupied in some activity to satisfy human wants; such activities are known as human activities. These activities are broadly classified as economic and non-economic activities. While economic activities are those conducted with an aim of earning money or acquiring wealth, non-economic activities are performed free of cost, with service motive.
The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction. So, check out this article to get some more differences amidst these two types of human activities.
Content: Economic Activities Vs Non-Economic Activities
Comparison Chart
Definition
Key Differences
Conclusion
Answer:
An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity. Economic activities are performed for economic motive, i.e. earning profit. ... As opposed to non-economic activities, which have no influence over country's national income