What are the differences between economic and non economic activities?
Difference between economic and non-economic activities:
Economic Activities:
1. Economic activities lead to an increase in the personal income of the individual.
2. Economic activities contribute to the flow of goods and services in an economy.
3. These add value to the national income.
Non economic activities:
1. Non economic activities do not increase the personal income of an individual.
2. Non economic activities do not contribute to the flow of goods and services in an economy.
3. These do not add any value to the national income.
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What are the differences between economic and non economic activities?
In short we can say that, Economic activities are those activities which are done to earn livelihood or income i.e factory workers work in a factory,teachers teaching in a school etc. Non - Economic activities are those activities which are not done to generate income but it is carried out by emotions i.e mother cooks the food for family, teacher teaches her own children etc. I HOPE THIS ANSWER IS HELPFUL TO U. keep Smiling. .......... stay motivated ..!
What are the differences between economic and non economic activities?
The activities undertaken with the main aim of earning money and creation of wealth are known as Economic activities e.g.,working in a factory ,running a shop etc. Non economic activities are those performed out of love, sympathy , sentiment , etc. E.g.social service , charity , visiting temple , etc.
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