Difference between economic and non – economic activity
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Economic means which main objective to earn money for .eg. teacher teaching in a school.non economic activity means whose aim to not earn money eg.teacher teaching his own son
ECONOMIC ACTIVITIES ARE THOSE ACTIVITIES WHICH ARE UNDERTAKEN WITH THE MOTIVE OF EARNING PROFIT WHEREAS NON ECONOMIC ACTIVITIES ARE THOSE WHICH ARE NOT UNDERTAKEN WITH THE MOTIVE OF EARNING PROFIT BUT WITH THE MOTIVE TO GAIN SELF SATISFACTION.
Economic activity is those activity is motive to earn money and non economic activity are those activity is not motive to earn money e.g birthday party ,jagran etc
well defined in statitics ch 1