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What is economic an non economy activities

Posted by Manoj Shyam 5 years, 4 months ago

CBSE > Class 12 > Business Studies

1 answers

Sia ? 5 years, 4 months ago

Activities that add value to the national income are called economic activities. These have two parts - market activities (production for pay or profit) and non-market activities (production for self-consumption).
Non-economic activities are the ones that do not add to the national income; for example, an individual performing domestic chores.

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