Question

Differentiate between economic and non-economic activities.

Answer 1

$\begin{array}{ccc}\text{Basis}& \text{Economic activities}& \text{Non - economic activities}\\ \text{1. Meaning}& \text{Economic acivities are those acivities}& \text{Non-economic activities are those activities which are}\\ & \text{which are performed to earn a livehood.}& \text{performed out of love, sympathy, sentiments, patriostism, etc.}\\ \text{2. Aim}& \text{The main aim of these activities}& \text{The main aim of these activities}\\ & \text{is to earn profits.}& \text{is psychological satisfaction.}\\ \text{3. End result}& \text{The end result of these activities is}& \text{The end result of these activities is mental satisfaction of}\\ & \text{to satisfy human need.}& \text{the person performing them.}\\ \text{4. Examples}& \text{A teacher, a carpenter, a doctor,}& \text{A teacher teaching her own son, a doctor treating poor}\\ & \text{an artist.}& \text{patients without charging any fees.}\end{array}$