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What is the different between economic activities and non -economic activities.

Answer» <html><body><p><strong>Answer:</strong></p><p>An economic activity is an activity of providing, making, buying, or selling of commodities or services by people to <a href="https://interviewquestions.tuteehub.com/tag/satisfy-1195236" style="font-weight:bold;" target="_blank" title="Click to know more about SATISFY">SATISFY</a> their day-to-day needs of life. Economic activities include any activity that deals with the manufacturing, distributing, or utilising of <a href="https://interviewquestions.tuteehub.com/tag/products-18828" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTS">PRODUCTS</a> or services..</p><p>eg: forestry, mining, grazing, quarrying, fishing, hunting as well as gathering</p><p></p><p></p><p>Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain. Those activities which are initiated for personal content or to meet human sentiments are non-economic activities.</p><p>eg: <a href="https://interviewquestions.tuteehub.com/tag/painting-16378" style="font-weight:bold;" target="_blank" title="Click to know more about PAINTING">PAINTING</a>, and singing, <a href="https://interviewquestions.tuteehub.com/tag/etc-975753" style="font-weight:bold;" target="_blank" title="Click to know more about ETC">ETC</a>. Family commitment activities: – </p><p><strong>Explanation:</strong></p><p><strong><em>hope</em></strong><strong><em> </em></strong><strong><em>it</em></strong><strong><em> </em></strong><strong><em>helps</em></strong></p></body></html>


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