The activities that add value to the national income are called economic activities. They can be divided into two types: market activities and non-market activities. Market activities involve the activities performed for pay or profit and non-market activities include the production done for self-consumption.
The activities that add no value to the national income are called non-economic activities. The domestic chore is an example of non-economic activities.
Answered by Vishal kumar | 2 years agoWhich capital would you consider the best — land, labour, physical capital and human capital? Why?
Can you imagine some village which initially had no job opportunities, but later came up with many?
Can you suggest some measures in the education system to mitigate the problem of educated unemployed?
In which field do you think India can build the maximum employment opportunity?
Why is educated unemployed, a peculiar problem of India?