1.

(1) What is the economic and non-economic activity ? Explain with illustration.​

Answer»

Answer:

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.



Discussion

No Comment Found

Related InterviewSolutions