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What is the difference between economic …

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What is the difference between economic and non economic activities? Elaborate with three examples each.

    • Posted by Khushi Gadhavi 4 years, 5 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sia ? 4 years, 5 months ago

    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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