Question
Explain the difference between What is economic and non – economic activity
| Points | Economic Activity | Non – economic Activity |
| $1.$ objective | It is an activity done for the objective of financial reward. | Non – economic activity is done for the objective of service, hobby or prestige. |
| $2.$ Expectation | Expectation force is unsatisfied needs and gaining more wealth. | Expectation force is services, patriotism or to gain prestige,, |
| $3.$ Risk $ Uncertainty | Uncertainty of income and loss are the risk of economic activity. | There is no such resk associated with non – economic activity. |
| $4.$ proportion | Economic activities are observed wide – Spread. | Spread of Non – economic activities is found on limited scale, |
| $5.$ Types | There are three main types of economic activity, Employment (service ), Business and profession. | There is no separate type of non – economic activity. |
| $6.$ Examples | Employed, people (serving employees), driver, cobbler, tailor, carpenter, black smith, farmer are the examples of economic activity. | Free of charge treatment to patients, Blood donation camp, free of charge education, rescue work etc. are non – economic activities. |
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