Which of the following is an example of an economic activity?

Teaching children at a community center for free

Selling vegetables in the market

What distinguishes non-economic activities from economic activities?

Non-economic activities involve money

Economic activities do not involve money

Non-economic activities are done out of love or care

Economic activities are done for fun

Which of the following is a non-economic activity?

A lawyer arguing a case for a fee

A farmer selling produce in the market

A person volunteering at a community kitchen

Why is payment in kind considered an economic activity?

It involves an exchange of goods or services for monetary value

What is an example of an economic activity in a household setting?

Parents helping children with homework

What does value addition mean in the context of economic activities?

Reducing the value of raw materials

Transforming raw materials into finished products with higher value

Performing activities without payment

Which of the following is an example of value addition?

Volunteering at a local shelter

Why is teaching in a school considered an economic activity?

It generates income through fees or salary

It involves only voluntary service

What is the primary purpose of non-economic activities?

To fulfill personal and social needs without monetary gain

Which of the following best describes an economic activity?

A hobby pursued for personal enjoyment

Volunteering in a community event

Working in a factory for a wage

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