Essentially the difference between economic and non economic activity is that economic activity are activities in the economy that contribute to the Gross Domestic Product [GDP] of the Nation. I.E if you provide/produce a good or service in exchange for money. example: you grow apples and sell them at the market- this is economic activity.
Non economic activity is just the opposite. Activity in the economy that does not affect GDP. My understanding is that it is essentially unpaid work. Like if you clean your house or mow your lawn and do not get paid for your time/efforts.
1all activities include in economics which have returns .e.g doing any job.and the activities which hve not retrns
It can be difficult to separate economic activities from non-economic activities because virtually everything that people do has some kind of economic consequence. However, in general, things that involve earning, spending, saving, or investing money are economic in nature, and things that don't aren't. An example would be, buying a book is an economic activity, but reading the book isn't.
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
what is meant by economic activity
no its non economic activity.
The different economic activity shown in that location.
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
its an economic activity of Canada
what is meant by economic activity
no its non economic activity.
The different economic activity shown in that location.
The main economic activity is bauxite
There main economic activity (job) is farming.
Yes that would be an economic activity.
bauxite
economic activity involving the processing of raw materials