differentiate between economic and non economic activities - Social Science - People as Resources

Question

differentiate between economic and non economic activities

Anshul Sharma · Accepted Answer

Dear Student,

Economic Activity
Non-Economic Activities

These are human activity related to production &
consumption of goods & services for economic gain
These are activity performed with the aim of providing services
to others without any regard to monetary gain

Main motive is to earn money
Main motive is psychological and social cause

This leads to an increase in the personal income of the
individual
This do not leads to an increase in the personal income of the
individual

These add value to the national income
These do not add value to the national income

Regards

Economic Activity	Non-Economic Activities
These are human activity related to production & consumption of goods & services for economic gain.	These are activity performed with the aim of providing services to others without any regard to monetary gain.
Main motive is to earn money	Main motive is psychological and social cause.
This leads to an increase in the personal income of the individual	This do not leads to an increase in the personal income of the individual
These add value to the national income	These do not add value to the national income