Economic and Non-Economic Activities, their Nature and Examples
# economic activities
● Related to the use of scarce
resources
● Scarce resources must have some
market value
● you employ any one of the factors of
production (land, capital, labour, entrepreneur) and in return earn an income
in form of wages, salary, rent, royalty, profit, etc
examples:
production, consumption, distribution, saving, investment
# non-economic activities
● rendering services to others without
any considerations of financial gains
●
for
personal content or for meeting human sentiments
● examples: painting, a teacher
offering education to own child at home, visiting the temple, donations to the
underprivileged
Free time
activities - Family commitment activities - Cultural and religious activities -
Social welfare activities
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Economic and Non-Economic Activities, their Nature and Examples | Statistics for Economics | 11th Commerce | by @statomics11comm
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Economic, Non Economic, Activity, Nature, Examples, Economic Activity, Non Economic Activity, Statistics for Economics, Statistics, Economics, 11th Commerce CBSE, 11th Commerce, CBSE, statomics11comm, class 11, hindi, in hindi
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