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What are the differences between economical …

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What are the differences between economical and non-economical activities?

    • Posted by Bijayananda Pattnaik 6 years, 11 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Naveen Sharma 6 years, 11 months ago

    Ans. 

    BASIS FOR COMPARISON ECONOMIC ACTIVITY NON-ECONOMIC ACTIVITY
    Meaning Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.
    Motive Economic, i.e. to earn money. Social or psychological, i.e. out of love, affection, etc.
    Money measurement Measured in monetary terms. Lacks money measurement.
    Approach Pragmatic Idealistic
    Results in Creation of wealth and assets. Satisfaction and happiness.
    National Income Adds value to national income. Does not affects national income.

     

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