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2: from your surrounding give fourexamples of those activities which areboth economic and non- economic. |
| Answer» <html><body><p><strong>Answer:</strong></p><h3><strong>Economics activities:-</strong></h3><p><strong>Economics activities are those activities which are associated with the production, exchange, distribution, and consumption of merchandise, at every level of the society. These activities are performed with the <a href="https://interviewquestions.tuteehub.com/tag/sole-1216528" style="font-weight:bold;" target="_blank" title="Click to know more about SOLE">SOLE</a> aim of earning money and producing <a href="https://interviewquestions.tuteehub.com/tag/wealth-1450804" style="font-weight:bold;" target="_blank" title="Click to know more about WEALTH">WEALTH</a>, to satisfy human wants, with <a href="https://interviewquestions.tuteehub.com/tag/limited-1074043" style="font-weight:bold;" target="_blank" title="Click to know more about LIMITED">LIMITED</a> resources. These activities form a basis for the economic development of the <a href="https://interviewquestions.tuteehub.com/tag/country-936956" style="font-weight:bold;" target="_blank" title="Click to know more about COUNTRY">COUNTRY</a> as it adds value to the gross domestic product.</strong></p><p><strong></strong></p><p><strong>Economic activities are classified as business, profession and employment. Business is an activity which involves production and distribution of goods and services, for profit. The profession is related to the services provided by profession for monetary compensation called fee. Employment refers to an occupation in which a person works for another person for salary or wages.</strong></p><p></p><p><strong></strong></p><p><strong></strong></p><h3><strong>Non-economic activities :-</strong></h3><p><strong>Non-economic activities refer to a human activity undertaken sheerly out of love, affection, sympathy or patriotism. These activities are conducted voluntarily with an aim of <a href="https://interviewquestions.tuteehub.com/tag/rendering-1184839" style="font-weight:bold;" target="_blank" title="Click to know more about RENDERING">RENDERING</a> services to others for free, i.e. it cannot be measured in terms of money. It includes all those activities which are performed for the satisfaction of human sentiments that can be social, religious, cultural, personal, recreational, charity, patriotic.</strong></p><p></p></body></html> | |