BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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-2: -Non-Economic Activity Some common examples of non-economic activities are the following: Free time activities: – They aim for at acquiring pleasure during idle times. For example: painting, and singing, etc. Family commitment activities: – These activities are dedicated and inspired by the institution of family.

Detailed explanation-3: -Non-economic activities are those activities which are undertaken the personal satisfaction or for social services and not earning money.

Detailed explanation-4: -On the other hand, non-material goods are intangible for they do not possess any shape or weight and cannot be seen, touched or transferred. Services of all types are non-material goods such as those of doctors, engineers, actors, lawyers, teachers, etc.