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Explain the difference between economic and non-economic activities with examples of each?
Economics activities refer to the activities which are done for the income or earning, eg:Carpenter working in his workshop Non-economic activities mean the activities which are not done for income or earning. eg: a child helping an old man cross the road
What is the difference between economic and non-economic activity?
economic activities are done to earn more and more money. this sort of activities are not done because of love or affection but for personal intrest, whereas non economic activities are do for love, pleasure, sympathy, etc. example for economic activities are :- 1. a doctor working at his clinic 2. a carpenter working at his workshop example for non economic activities are :- 1. a child helping an old man cross the road
What is the definition of non economic activities?
Activities which are undertaken to satisfy social, religious cultural and sentimental require­ments are called non-economic activities. The object of these activities is not to earn monetary gain or reward.People engage in non-economic activities for reasons of love, sympathy, religion, patriotism, etc. For example, a mother looks after her children, a student donates blood, an old man goes to temple daily, a rich man donates money to Prime Minister Relief Fund; a young man helps a blind girl cross the road, etc.It is the object of any activity that distinguishes between economic and non-economic activities. The primary objective of economic activities is to earn livelihood and create wealth.On the other hand, the main objective of non-economic activities is to get some sort of social, cultural, religious or recreational satisfaction.The output of economic activities can be measured in terms of money e.g., the salary of a teacher, the fee of a doctor and the profits of a businessman. But the result of non-economic activities cannot be measured in terms of money.The same activity may be economic as well as non-economic. For example, a nurse attend­ing a patient in a hospital is an economic activity as the nurse works for a salary.But when the same nurse attends to her sick mother at home it is a non-economic activity because the object is not to earn money.Thus, the activity of the same person may be economic at one-time or place and non-economic at another time or place. The dividing line is not the activity or the person who is doing it but the objective for which it is undertaken.Thus, non-economic activities are undertaken due to the following considerations:(i) Love and affection - for example taking dinner with the family, cooking food for family.(ii) Personal satisfaction - For example meditating in a park.(iii) Physical needs - for example morning walk by a person.(iv) Religious obligation - for example praying in a temple.(v) Social obligations - for example helping victims of an accident, flood or earthquake.(vi) Patriotism - donating blood for injured army men.
How did the union wage economic warfare in the south?
By blockading the Southern ports and forbidding any cross-border trading.
Importance of cross elasticity of demand?
Cross elasticity of demand is sometimes written as XED. In business the cross elasticity of demand is important because it will help determine whether or not it is a good move to increase or decrease prices or to substitute one product for another for the purpose of revenue.
How much rain does Cross Timbers get?
how much rain fall does cross timbers get
What is the symbol for Cross Timbers Royalty Trust in the NYSE?
The symbol for Cross Timbers Royalty Trust in the NYSE is: CRT.
In what year did Cross Timbers Royalty Trust - CRT - have its IPO?
Cross Timbers Royalty Trust (CRT)had its IPO in 1992.
Is cross timbers a good school?
Yes Cross Timbers is a good school! Even if the school only has two grades in it (5th and 6th).
What is the market cap for Cross Timbers Royalty Trust CRT?
As of July 2014, the market cap for Cross Timbers Royalty Trust (CRT) is $199,620,000.00.
Explain the difference between economic and non-economic activities with examples of each?
Economics activities refer to the activities which are done for the income or earning, eg:Carpenter working in his workshop Non-economic activities mean the activities which are not done for income or earning. eg: a child helping an old man cross the road
What are the ways that the cross timbers have divided the state geographically and economically?
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The Cross Timbers is thought by some to be a natural landmark in what region?
Central plains
What are the subregions in the north central plains of Texas?
Cross timbers the rolling plains and the grand prairie
The Grand Praire The Cross Timbers and the Rolling Plains are the subregions of what region in Texas?
The great plains region
What is the difference between economic and non-economic activity?
economic activities are done to earn more and more money. this sort of activities are not done because of love or affection but for personal intrest, whereas non economic activities are do for love, pleasure, sympathy, etc. example for economic activities are :- 1. a doctor working at his clinic 2. a carpenter working at his workshop example for non economic activities are :- 1. a child helping an old man cross the road
What are the three sections of the great plains region of Texas?
what are the three sections of thegreat plains region of texas?
