What is the difference between economic activities and non-economic activities?

Asked by Shivani Kumari | 1 year ago |  136

1 Answer

Solution :-

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 | 1 year ago

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