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What is the difference between economic activities and non-eco... - Economics
Question
What is the difference between economic activities and non-economic activities?
Answer
The difference between economic activities and non-economic activities is as follows:
| Basis | Economic Activities | Non-economic Activities |
| Meaning | Activities performed with the objective of earning money or a livelihood. | Activities performed for self-satisfaction, love, or duty, without any monetary motive. |
| National Income | These activities add value to the National Income (GNP). | These activities do not add value to the National Income. |
| Output | The output is meant for the market or for sale. | The output is meant for self-consumption or personal satisfaction. |
| Example | A teacher teaching in a school; a farmer selling wheat in the market. | A mother cooking food for her family; a person doing social service. |