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.
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
The different economic activity shown in that location.
economic activity involving the processing of raw materials
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
The different economic activity shown in that location.
The main economic activity is bauxite
There main economic activity (job) is farming.
economic activity involving the processing of raw materials
bauxite
Yes that would be an economic activity.
The majority of economic activity is