BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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non-economic, economic
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economic, non-economic
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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.