State four differences between Economic and non economic aclivities

1.	State four differences between Economic and non economic aclivities
Answer» Answer: Economic 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. Non-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.

Answer»

Answer:

Economic 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.

Non-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.

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