Question
Define economic activities. How do they differ from non-economic activities? Give examples.
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Basis
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Economic activities
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Non-economic activities
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1.
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Meaning
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Economic activities are those which are done for monetary gains to earn our livelihood.
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Non-economic activities are those which are performed out of love, sympathy, care, affection, self-satisfaction, patriotism, etc.
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2.
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Purpose
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To earn money.
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To satisfy social, psychological needs.
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3.
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Examples
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A worker working in a factory, an entrepreneur performing entrepreneurial functions for production or trading of goods and services.
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A teacher teaching his/ her daughter at home, a person going to temple for offering prayers.
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Week
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Number of Customers
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Tpotal amount billed (in ₹)
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Average amount billed (in ₹)
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1
|
10
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1,000
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100
|
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2
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17
|
1,445
|
85
|
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3
|
13
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9,23
|
71
|
|
4
|
22
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5,082
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231
|
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5
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18
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3,150
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175
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Tota;l
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80
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11,600
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