write any 3different between economic and non economic activities
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economic activities
- Economic activity refers to a human activity related to production and consumption of goods and services for economic gain.
- Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
- Economic, i.e. to earn money.
non - economic
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.
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