Economy, asked by rockingRevati, 7 months ago

What is the difference between economic and non-economic activities?Give examples.

please answer in a long paragraph.
I will give you 30 points.
please the answer should be long.
I can even mark as brainliest.

Answers

Answered by Anonymous

ʜᴏʟʟᴀ✌✌

ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴀʀᴇ ᴛʜᴏsᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴏғ ᴍᴀɴ ᴡʜɪᴄʜ ᴀʀᴇ ᴜɴᴅᴇʀᴛᴀᴋᴇɴ ғᴏʀ ᴇᴀʀɴɪɴɢ ᴍᴏɴᴇʏ. ᴡʜᴇʀᴇᴀs ɴᴏɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴀʀᴇ ᴛʜᴏsᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴛʜᴀᴛ ᴀʀᴇ ɴᴏᴛ ᴜɴᴅᴇʀᴛᴀᴋᴇɴ ғᴏʀ ᴀɴʏ ᴍᴏɴᴇᴛᴀʀʏ ɢᴀɪɴ...

ғᴏʟʟᴏᴡɪɴɢ ᴀʀᴇ ᴛʜᴇ ᴍᴀɪɴ ᴘᴏɪɴᴛs ᴏғ ᴅɪғғᴇʀᴇɴᴄᴇ ʙᴇᴛᴡᴇᴇɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴀɴᴅ ɴᴏɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs:

ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs:

ғᴏʟʟᴏᴡɪɴɢ ᴀʀᴇ ᴛʜᴇ ᴍᴀɪɴ ᴘᴏɪɴᴛs ᴏғ ᴅɪғғᴇʀᴇɴᴄᴇ ʙᴇᴛᴡᴇᴇɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴀɴᴅ ɴᴏɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs:ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs:1. ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ʟᴇᴀᴅ ᴛᴏ ᴀɴ ɪɴᴄʀᴇᴀsᴇ ɪɴ ᴛʜᴇ ᴘᴇʀsᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ᴏғ ᴛʜᴇ ɪɴᴅɪᴠɪᴅᴜᴀʟ.2. ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴄᴏɴᴛʀɪʙᴜᴛᴇ ᴛᴏ ᴛʜᴇ ғʟᴏᴡ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ɪɴ ᴀɴ ᴇᴄᴏɴᴏᴍʏ.

1. ɴᴏɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴅᴏ ɴᴏᴛ ɪɴᴄʀᴇᴀsᴇ ᴛʜᴇ ᴘᴇʀsᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ᴏғ ᴀɴ ɪɴᴅɪᴠɪᴅᴜᴀʟ.

2. ɴᴏɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴅᴏ ɴᴏᴛ ᴄᴏɴᴛʀɪʙᴜᴛᴇ ᴛᴏ ᴛʜᴇ ғʟᴏᴡ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ɪɴ ᴀɴ ᴇᴄᴏɴᴏᴍʏ.

3. ᴛʜᴇsᴇ ᴅᴏ ɴᴏᴛ ᴀᴅᴅ ᴀɴʏ ᴠᴀʟᴜᴇ ᴛᴏ ᴛʜᴇ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ.

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@ᴠᴀᴍᴘɪʀᴇ98☺❣️

Answered by Anonymous

What are the Economic Activities?

Economic activity is an activity of providing, making, buying or selling commodities or services by people to satisfy day-to-day needs of life. Any activity that includes manufacturing, distributing or utilising products or services.

In fact, whatever that involves money or the exchange of products or services are economic activities. The three types of economic activities are.

Business – This economic activity provides goods and services to satisfy human needs on a daily basis with the aim of earning profits.

Profession – It can also be defined as an occupation or a professional job that offers specialized services in return for professional charges.

Employment – The activity is based on a contract between the company and the employee. Here, the employee performs duties for the company, and are paid(wages or salary) in return.

Features of Economic activities

Earning motive
Utility creation
Satisfaction
Measurement

What are the Non-Economic Activities?

Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are non-economic activities.

Some common examples of non-economic activities are.

Free -Time Activities – Its only aims at acquiring pleasure in idle time. For instance, painting and signing etc.

Family-Commitment Activities – This activity is dedicated and inspired by family. For example, a teacher education to her/his own child at home and a doctor consulting his family etc.

Cultural and Religious Activities – The activity includes happiness and mental. Example, e.g. worshipping God and visiting the temple etc.

Social Welfare Activities – It is based on a passionate feeling of helping or sympathizing towards others. Such as a donation to underprivileged, participation on relief camp to help people affected by war, natural calamities etc

Features of Non- Economic Activities