Saved Bookmarks
| 1. |
Different between economic activity and non economic activity |
| Answer» \tEconomic activities:1) Economic activities refers to a human activity related to production & consumption of goods & services for economic gain.2) Economic motive is to earn money.3) Money is measured in monetary terms.4) It results in creation of wealth & assets.\tNon-economic activities:1) Non-economic activity refers to a activity performed with the aim of providing services to others without any regard to monetary gain.2) Non-economic motive is social or psychological.3) Money lacks in measurement.4) It results in satisfaction & happiness. | |