What is the difference between economic activities and non-economic ac – InterviewSolution

InterviewSolution

1.	What is the difference between economic activities and non-economic activities?
Answer» Solution :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 with the aim of providing services to OTHERS without any regard to monetary gain. Economic activity adds to national income while non-economic activity does not ADD to national income.

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