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What distinguishes non-economic activities from economic activities?
- a)Non-economic activities involve money
- b)Economic activities do not involve money
- c)Non-economic activities are done out of love or care
- d)Economic activities are done for fun
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
What distinguishes non-economic activities from economic activities?a)...
Understanding Economic vs. Non-Economic Activities
To grasp the difference between economic and non-economic activities, it's essential to analyze their motivations and purposes.
Economic Activities
Economic activities are primarily driven by financial gain. Here are some key aspects:
- Purpose of Profit: These activities are performed to earn money or profit.
- Examples: Jobs, businesses, and selling goods or services fall under this category.
- Market Involvement: Economic activities are usually part of a market exchange where money is involved.
Non-Economic Activities
Non-economic activities are not focused on earning money. Instead, they stem from personal motivation and emotional connections. Key points include:
- Driven by Emotions: These activities are often done out of love, care, or personal interest.
- Examples: Volunteering, hobbies, and caring for family members are typical non-economic activities.
- Fun and Fulfillment: The main motivation is enjoyment or fulfillment, not financial gain.
Why Option C is Correct
The correct answer is option 'C' because non-economic activities are distinguished by their emotional or personal motivations rather than financial ones. When individuals engage in activities out of love or care, they are fulfilling personal needs or values. Unlike economic activities, which seek profit, non-economic activities offer satisfaction, joy, and a sense of connection without monetary considerations. Thus, the essence of non-economic activities lies in their altruistic nature rather than financial motives.
To grasp the difference between economic and non-economic activities, it's essential to analyze their motivations and purposes.
Economic Activities
Economic activities are primarily driven by financial gain. Here are some key aspects:
- Purpose of Profit: These activities are performed to earn money or profit.
- Examples: Jobs, businesses, and selling goods or services fall under this category.
- Market Involvement: Economic activities are usually part of a market exchange where money is involved.
Non-Economic Activities
Non-economic activities are not focused on earning money. Instead, they stem from personal motivation and emotional connections. Key points include:
- Driven by Emotions: These activities are often done out of love, care, or personal interest.
- Examples: Volunteering, hobbies, and caring for family members are typical non-economic activities.
- Fun and Fulfillment: The main motivation is enjoyment or fulfillment, not financial gain.
Why Option C is Correct
The correct answer is option 'C' because non-economic activities are distinguished by their emotional or personal motivations rather than financial ones. When individuals engage in activities out of love or care, they are fulfilling personal needs or values. Unlike economic activities, which seek profit, non-economic activities offer satisfaction, joy, and a sense of connection without monetary considerations. Thus, the essence of non-economic activities lies in their altruistic nature rather than financial motives.
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Community Answer
What distinguishes non-economic activities from economic activities?a)...
Non-economic activities are done out of love, care, gratitude, or respect and do not involve monetary gain. Examples include parents cooking for their family or volunteering in the community.
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What distinguishes non-economic activities from economic activities?a)Non-economic activities involve moneyb)Economic activities do not involve moneyc)Non-economic activities are done out of love or cared)Economic activities are done for funCorrect answer is option 'C'. Can you explain this answer?
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