Question

Distinguish between economic and non-economic environment.

Answer 1

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain., whereas

Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

The main difference between economic and non-economic activities lies in the fact that the economic activities are carried out to satisfy human needs, whereas non-economic activities are performed for gaining psychological satisfaction. So, check out this article to get some more differences amidst these two types of human activities.