SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A HOUSE WIFE LOOKING AFTER THE HOUSEHOLD IS AN EXAMPLE OF ____
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NON-ECONOMIC ACTIVITIES
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ECONOMICS ACTIVITIES
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The examples of non-economic activities are: a housewife looking after the household, a person engaged in social work, a person engaged in serving the handicapped persons, etc. These activities are pursued not to earn any income or profit, but to derive personal satisfaction.
Detailed explanation-2: -A housewife looking after the household work is an example of non-economic activities.
Detailed explanation-3: -Household work is excluded from the estimation of GDP because GDP measures the value of economic activity within a country, and it is difficult to estimate the value of work performed by a household.
There is 1 question to complete.