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People as Resource — Social Studies STD 9 — Question

CBSE BoardEnglish MediumSTD 9Social StudiesPeople as Resource5 Marks
Question
Explain the difference between economic activity and non-economic activity. Give two examples of each.
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Answer

Economic Activities:
  • Are undertaken to create something useful, which can be sold or exchanged for something else.
  • Are performed with the motive of earning income or profit.
  • Are measured in monetary terms.
  • Results in creation and accumulation of wealth as they are done to earn profits.
  • Important for economy as they add value to country’s national income.
  • A teacher teaching in school for income is an economic activity.
Non Economic Activities:
  • Are undertaken with the aim to provide services without any regard to monetary gain.
  • Are performed due to social or psychological reasons like love, affection etc.
  • No money measurement. Are performed free of cost.
  • Results in mental satisfaction and happiness.
  • Have no direct influence on country’s national income.
  • A teacher teaching her child at home out of love is a non economic activity.

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