Question

Which transaction is called non-economic transaction ? explain with example.​

Answer 1

Answer:

Transport, communication, trade, health, education and administration are example of tertiary activity. Non-Economic Activity : These are those activities which do not give income in return. They also do not contribute to the flow of goods and services in the economy.

Answer 2

Introduction:

To put it simply, transaction means to buy and sell.

Explanation:

Non-economic activity is defined as an action done happily with the goal of delivering assistance to others without regard for monetary gain. Non-economic activities are those conducted by humans for personal enjoyment or to satisfy human feelings.

For instance a woman preparing meals for her family is an example of a non-economic activity.