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| 1. |
What is the difference between economic and non economic |
| Answer» Basis of difference :\tMeaning :\tEconomic activities : Economic activities are those activities which are performed to earn a livelihood.\tNon-economic activities : Non-economic activities are those activities which are performed out of love, sympathy, sentiments, patriotism, etc\tAim :\tEconomic activities : The main aim of these activities is to earn profits\tNon-economic activities : The main aim of these activities is psychological satisfaction.\tEnd result :\tEconomic activities : The end result of these activi-ties is to satisfy human need…\tNon-economic activities :The end result of these activities is mental satisfaction of the person performing them.\tExamples :\tEconomic activities : A teacher, a carpenter,a doctor, an artist, etc\tNon-economic activities : A teacher teaching her own son, a doctor treating poor patients without charging any fees, etc. | |