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Give an example of activity which is economic in one side non economic on other side. |
Answer» Activities are classified into economic and non economic activities and there are various activities which can be economic and non economic on other side..... Suppose your father has bakery where he sells cakes for earning motive but he has bake some cakes on Sunday for you for your happiness which is done for his mental and physiological satisfaction<br>Business is considered an economic activity\xa0because it is concerned with production, purchase, sale or distribution of goods and Services with an aim of earning profit. An\xa0example of activity which is economic in one side\xa0and\xa0non-economic on other side\xa0is teaching. When\xa0a\xa0teacher teaches in\xa0a\xa0school, it\'s an\xa0economic activity\xa0and when\xa0a\xa0teacher teaches to his children, it\'s\xa0a non-economic activity. | |