difference between economic and non economic activity
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difference between economic and non economic activity
answer quickly to get 45 points
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Answer:
Economic and Non - Economic Activity .
Explanation:
1. Economic Activity .
a) Objectives : These activities are related to wealth or money . e.g . a teacher teaching in a class .
b) Types : These are divided into production , consumption , distribution and exchange.
c) Scope : These activities are take place either between an employer and employee between the producer and consumer or between a professional and a client .
d) Return : These are done with the expectation of earning an income in return .
2 . Non - Economic Activity .
a) Objectives : These activities are not concerned with money but are performed as acts of pleasure , love , affection . e.g . a mother taking care of child .
b) Types : These are divide in social , political , religious , charitable , parental and recreational activities .
c) Scope : These activities generally take place between family members or between social worker and these who are being served by them .
d) Return : These are done to get mental or psychological satisfaction in return .
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