question_answer

Differentiate between economic and non-economic activities.

Answer:

Ans.     All human beings have different types of needs. So, in order to fulfill those needs, they have to perform some activities. Human activities are classified into economic and non - economic activities.

Basis	Economic	Non - economic
Meaning	Those activities whose aim is to earn money.	Those activities whose aim is not to earn money, and to create wealth, but to satisfy social, psychological and emotional needs.
Example	A teacher teaching in a school. People working in factories.	A teacher teaches his/her son/ daughter at home. A housewife cooks food for her family.