Economic vs Non-economic Activities

There are various activities that people engage in on a daily basis. Some of these activities are economic in nature, while others are non-economic. Economic activities refer to those activities that involve the production, distribution, and consumption of goods and services. On the other hand, non-economic activities are those activities that do not involve the production, distribution, or consumption of goods and services.

Trading in Goods and Services

Trading in goods and services involves the buying and selling of goods and services. This is an economic activity because it involves the production, distribution, and consumption of goods and services.

Social Welfare

Social welfare refers to the provision of assistance to individuals or groups who are in need. This is a non-economic activity because it does not involve the production, distribution, or consumption of goods and services.

Manufacturing of Goods for Sale

Manufacturing of goods for sale involves the production of goods that are sold in the market. This is an economic activity because it involves the production, distribution, and consumption of goods.

Transportation Services

Transportation services involve the movement of goods and people from one place to another. This is an economic activity because it involves the distribution of goods and services.

Conclusion

In conclusion, social welfare is the activity that is not an economic activity because it does not involve the production, distribution, or consumption of goods and services. The other activities mentioned – trading in goods and services, manufacturing of goods for sale, and transportation services – are economic activities because they involve the production, distribution, and consumption of goods and services.