Question
Define economic activities. How do they differ from non-economic activities? Give examples.

Answer

Activities undertaken to earn monetary gains are called economic activities. These are primarily concerned with production, distribution and consumption of goods and services.
Difference between economic and non-economic activities are:
 
Basis
Economic activities
Non-economic activities
1.
Meaning
Economic activities are those which are done for monetary gains to earn our livelihood.
Non-economic activities are those which are performed out of love, sympathy, care, affection, self-satisfaction, patriotism, etc.
2.
Purpose
To earn money.
To satisfy social, psychological needs.
3.
Examples
A worker working in a factory, an entrepreneur performing entrepreneurial functions for production or trading of goods and services.
A teacher teaching his/ her daughter at home, a person going to temple for offering prayers.

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