Difference between economic activities and non economic activities?

Question

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Economic activity refer to those activities ,which are undertaken to earn a living for example: shopkeeper selling goods in his shop
activities which are not concerned with creation of money or wealth are known as non- economic activities
for example : teacher teaching to his own son

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Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain...

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Economic activities did for money and non economic activities did for satisfaction

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Economic Activities:
Economic activities refer to activities that involve the production, distribution, and consumption of goods and services in an economy. These activities are undertaken with the aim of earning income or making a profit. Economic activities are essential for the functioning of an economy and contribute to its growth and development. They can be categorized into three main types: primary, secondary, and tertiary activities.

1. Primary Economic Activities:
Primary economic activities involve the extraction and utilization of natural resources. These activities are directly related to the environment and include activities such as farming, fishing, mining, forestry, and hunting. They form the foundation of all other economic activities as they provide the necessary raw materials for production.

2. Secondary Economic Activities:
Secondary economic activities involve the processing and manufacturing of raw materials obtained from primary activities. These activities add value to the raw materials and transform them into finished products. Examples of secondary economic activities include manufacturing, construction, and industrial processing. These activities often require the use of machinery, technology, and human labor.

3. Tertiary Economic Activities:
Tertiary economic activities are also known as service activities. They involve the provision of services to individuals and businesses. These activities do not produce tangible goods but are focused on offering intangible services. Examples include banking, transportation, healthcare, education, tourism, and entertainment. Tertiary activities are often characterized by a high level of interaction between the service provider and the consumer.

Non-economic Activities:
Non-economic activities refer to activities that are not performed for the purpose of earning income or making a profit. These activities are often undertaken for personal, social, or cultural reasons. They may not generate any monetary value but are still important for the well-being of individuals and society as a whole.

1. Personal Activities:
Personal activities are non-economic activities performed by individuals for their own personal satisfaction or well-being. These activities include hobbies, recreational activities, self-care, and personal development. They are undertaken for personal enjoyment or fulfillment rather than for economic gain.

2. Social Activities:
Social activities are non-economic activities that are performed for the benefit of society or a community. These activities aim to improve the social well-being of individuals and promote social cohesion. Examples of social activities include volunteering, community service, charity work, and participation in social organizations.

3. Cultural Activities:
Cultural activities are non-economic activities that are related to the preservation and promotion of cultural heritage and artistic expressions. These activities include art exhibitions, cultural festivals, theater performances, music concerts, and cultural education. They contribute to the enrichment of society and the preservation of cultural identity.

In conclusion, economic activities are focused on the production, distribution, and consumption of goods and services for the purpose of generating income or profit. On the other hand, non-economic activities are undertaken for personal, social, or cultural reasons and do not involve monetary transactions or economic gains. Both types of activities play a significant role in the overall development and well-being of individuals and society.

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