Difference between economic and non economic activities class 9

Asked by admin @ 17/08/2021 in Economy viewed by 398 People

What is difference between economic and non-economic activities?

Answered by admin @ 17/08/2021

Following are the main points of difference between economic activities and non economic activities:

Economic Activities:

1. Economic activities lead to an increase in the personal income of the individual.

2. Economic activities contribute to the flow of goods and services in an economy.

3. These add value to the national income.

Non economic activities:

1. Non economic activities do not increase the personal income of an individual.

2. Non economic activities do not contribute to the flow of goods and services in an economy.

3. These do not add any value to the national income.

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Asked by admin @ 12/08/2021 in Math viewed by 416 persons

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