Write any 3 different between ecnomic and non ecnomic activites
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Explanation:
Economic activities:
1) Economic activities refers to a human activity related to production & consumption of goods & services for economic gain.
2) Economic motive is to earn money.
3) Money is measured in monetary terms.
4) It results in creation of wealth & assets.
Non-economic activities:
1) Non-economic activity refers to a activity performed with the aim of providing services to others without any regard to monetary gain.
2) Non-economic motive is social or psychological.
3) Money lacks in measurement.
4) It results in satisfaction & happiness.
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Answer:
in economic activities man can earn money like a small business or school teacher but in non economic activities man cannot earn money like a teacher teaches his students
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