BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Mr. A organising a birthday party for his son is a ____ activity, whereas Mr. A organising a birthday party for a client is an ____ activity.
A
non-economic, economic
B
economic, non-economic
Explanation: 

Detailed explanation-1: -Non-economic activities, on the other hand, are any acts that have no monetary motivation and are carried out with feelings of love, sympathy, or humanity. Playing in the garden, dancing, a woman preparing dinner for the family, or a boy assisting an elderly man across a road, to name a few examples.

Detailed explanation-2: -Economic activity refers to human activity related to producing and consuming goods and services for economic benefit. Non-economic activity is done with pleasure to provide services to others without regard to monetary gain. Economic activity is to earn money.

Detailed explanation-3: -Activities which are undertaken to satisfy social, religious cultural and sentimental requirements are called non-economic activities. A mother cooking for her family is the example of non-economic activities.

Detailed explanation-4: -One can broadly classify five distinct examples of economic activities. These activities are producing, supplying, buying, selling, and the consumption of goods and services.

There is 1 question to complete.