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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.

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17y ago

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What is the difference between economic and noneconomic activity?

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.


Whats the definition of economic activity?

Economic activity is the production and distribution of goods and services. Economic Activity is also correlated with Employment. If unemployement increases than the demand for goods and services decrease, however, if it decreases than on the other hand we have a higher demand for goods and services. This also benfits the triad nations as international business increases between members (USA, EU & JAPAN).


Whats the definition of residual versus mass poverty in developed versus less developed countries?

it is a situation in which a large section of people in economy are deprived of the basic necessities


What would be a noneconomic cost of a governments decision to build a new high way?

A noneconomic cost of a government's decision to build a new highway could be the disruption of local communities and ecosystems. This can manifest as the displacement of residents, loss of historical sites, or negative impacts on wildlife habitats. Additionally, the construction process may lead to increased noise and air pollution, affecting the quality of life for nearby inhabitants. Such social and environmental consequences can significantly alter community dynamics and the natural landscape.


Discuss the economic and noneconomic factors determining development?

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