BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Activities which do not have any economic motive and are performed with a feeling of love, sympathy, humanity and patriotism are known as non-economic activities. e.g. playing, dancing, giving donation, a housewife cooking food for family, or a boy helping an old man cross the road etc.
Detailed explanation-2: -Expert-Verified Answer (i) When a person plays football or any other games with his or her friends, then it is a non-economic work.
Detailed explanation-3: -So all religious, charitable, social, patriotic, recreational activities are 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.