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Class 11 Exam > Class 11 Videos > Economic Activities and Non Economic Activities | ICSE Class 9 | Class 11 | Types of Human Activities | Economics

Economic Activities and Non Economic Activities | ICSE Class 9 | Class 11 | Types of Human Activities | Economics Video Lecture

FAQs on Economic Activities and Non Economic Activities - ICSE Class 9 - Class 11 - Types of Human Activities - Economics Video Lecture

1. What are economic activities?

Ans. Economic activities refer to the activities that involve the production, distribution, and consumption of goods and services to satisfy human wants and needs. These activities are undertaken with the objective of earning income or making a profit.

2. What are non-economic activities?

Ans. Non-economic activities are those activities that are performed without any economic motive or consideration. These activities are done for personal satisfaction, social welfare, or cultural or religious reasons. Non-economic activities do not involve the production or consumption of goods and services for monetary gain.

3. What are the types of human activities?

Ans. Human activities can be divided into two main types: economic activities and non-economic activities. Economic activities include production, distribution, and consumption of goods and services. Non-economic activities include activities like education, recreation, volunteering, and religious practices.

4. Can economic activities be non-monetary?

Ans. Yes, economic activities can be non-monetary. While most economic activities involve the production and exchange of goods and services for money, there are certain economic activities that do not involve monetary transactions. For example, bartering, where goods are exchanged for other goods without the involvement of money, is a non-monetary economic activity.

5. What is the difference between economic and non-economic activities?

Ans. The main difference between economic and non-economic activities is that economic activities are undertaken with an economic motive to earn income or make a profit, while non-economic activities are performed without any economic consideration. Economic activities involve the production, distribution, and consumption of goods and services, whereas non-economic activities are done for personal satisfaction, social welfare, or cultural and religious reasons.

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Jan 04, 2025 Last updated

Economic Activities and Non Economic Activities | ICSE Class 9 | Class 11 | Types of Human Activities | Economics for Class 112025 is part of Class 11 preparation. The notes and questions for Economic Activities and Non Economic Activities | ICSE Class 9 | Class 11 | Types of Human Activities | Economics have been prepared according to the Class 11 exam syllabus. Information about Economic Activities and Non Economic Activities | ICSE Class 9 | Class 11 | Types of Human Activities | Economics covers all important topics for Class 112025 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Economic Activities and Non Economic Activities | ICSE Class 9 | Class 11 | Types of Human Activities | Economics.

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