Example of activity economic in one …

Human activities are classified into economic and non-economic activities. Economic activities are those which are performed for some economic consideration and they are undertaken to earn a living, whereas non-economic activities are performed for psychological satisfaction and out of love, sympathy, patriotism, etc. Economic activities are concerned with all those activities which are concerned with the production, consumption and distribution of goods and services which are not available for free.  But, there is no expectation of any kind of monetary reward or benefit in non economic activities. For example, when a doctor treats a patient at a hospital or a clinic, he charges a fee for that, thus it becomes an economic activity. However, when the same doctor treats his son/daughter at home, it becomes a non-economic activity. The same can be applied to a teacher teaching students in a school for which she takes the salary and hence becomes an economic activity whereas teaching her own children at home is a non economic activity.