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What is the difference between economic and non-economic activity?
economic activities are done to earn more and more money. this sort of activities are not done because of love or affection but for personal intrest, whereas non economic activities are do for love, pleasure, sympathy, etc. example for economic activities are :- 1. a doctor working at his clinic 2. a carpenter working at his workshop example for non economic activities are :- 1. a child helping an old man cross the road
What is Economic society?
The whole society that spend money and earn money for their spesific purposes is called economic society.
When the colony was started the Dutch hoped to earn large profits from what economic activities?
The fur trade :)
Importance of agriculture in national economy?
to help the economic to earn or get money.
What is the definition of non economic activities?
Activities which are undertaken to satisfy social, religious cultural and sentimental require­ments are called non-economic activities. The object of these activities is not to earn monetary gain or reward.People engage in non-economic activities for reasons of love, sympathy, religion, patriotism, etc. For example, a mother looks after her children, a student donates blood, an old man goes to temple daily, a rich man donates money to Prime Minister Relief Fund; a young man helps a blind girl cross the road, etc.It is the object of any activity that distinguishes between economic and non-economic activities. The primary objective of economic activities is to earn livelihood and create wealth.On the other hand, the main objective of non-economic activities is to get some sort of social, cultural, religious or recreational satisfaction.The output of economic activities can be measured in terms of money e.g., the salary of a teacher, the fee of a doctor and the profits of a businessman. But the result of non-economic activities cannot be measured in terms of money.The same activity may be economic as well as non-economic. For example, a nurse attend­ing a patient in a hospital is an economic activity as the nurse works for a salary.But when the same nurse attends to her sick mother at home it is a non-economic activity because the object is not to earn money.Thus, the activity of the same person may be economic at one-time or place and non-economic at another time or place. The dividing line is not the activity or the person who is doing it but the objective for which it is undertaken.Thus, non-economic activities are undertaken due to the following considerations:(i) Love and affection - for example taking dinner with the family, cooking food for family.(ii) Personal satisfaction - For example meditating in a park.(iii) Physical needs - for example morning walk by a person.(iv) Religious obligation - for example praying in a temple.(v) Social obligations - for example helping victims of an accident, flood or earthquake.(vi) Patriotism - donating blood for injured army men.
What is the difference between economic and non-economic activity?
economic activities are done to earn more and more money. this sort of activities are not done because of love or affection but for personal intrest, whereas non economic activities are do for love, pleasure, sympathy, etc. example for economic activities are :- 1. a doctor working at his clinic 2. a carpenter working at his workshop example for non economic activities are :- 1. a child helping an old man cross the road
What is Economic society?
The whole society that spend money and earn money for their spesific purposes is called economic society.
Why kids should buy what they want with their own money?
if they want something they have to earn it. they need to earn the money then buy the thing they want. they need to learn how to earn money and how to survive in an economic crysis.
When the colony was started the Dutch hoped to earn large profits from economic activities?
The fur trade :)
When the colony was started the Dutch hoped to earn large profits from what economic activities?
The fur trade :)
Importance of agriculture in national economy?
to help the economic to earn or get money.
When the dutch colony was started the dutch hoped to earn large profits from economic activities?
The fur trade :)
What are the economic activities in deserts?
The economic activities in deserts are mainly exploring oil and quarrying... Let's take an example of Saudi Arabia, they have industries based on petroleum. They also earn a lot by exporting the natural resources they have.
What is the definition of non economic activities?
Activities which are undertaken to satisfy social, religious cultural and sentimental require­ments are called non-economic activities. The object of these activities is not to earn monetary gain or reward.People engage in non-economic activities for reasons of love, sympathy, religion, patriotism, etc. For example, a mother looks after her children, a student donates blood, an old man goes to temple daily, a rich man donates money to Prime Minister Relief Fund; a young man helps a blind girl cross the road, etc.It is the object of any activity that distinguishes between economic and non-economic activities. The primary objective of economic activities is to earn livelihood and create wealth.On the other hand, the main objective of non-economic activities is to get some sort of social, cultural, religious or recreational satisfaction.The output of economic activities can be measured in terms of money e.g., the salary of a teacher, the fee of a doctor and the profits of a businessman. But the result of non-economic activities cannot be measured in terms of money.The same activity may be economic as well as non-economic. For example, a nurse attend­ing a patient in a hospital is an economic activity as the nurse works for a salary.But when the same nurse attends to her sick mother at home it is a non-economic activity because the object is not to earn money.Thus, the activity of the same person may be economic at one-time or place and non-economic at another time or place. The dividing line is not the activity or the person who is doing it but the objective for which it is undertaken.Thus, non-economic activities are undertaken due to the following considerations:(i) Love and affection - for example taking dinner with the family, cooking food for family.(ii) Personal satisfaction - For example meditating in a park.(iii) Physical needs - for example morning walk by a person.(iv) Religious obligation - for example praying in a temple.(v) Social obligations - for example helping victims of an accident, flood or earthquake.(vi) Patriotism - donating blood for injured army men.
What lets people make an economic choice?
people choose economic choice because they want to earn money for their family also for themselves.
How do people of central Africa make their living?
The main economic activities of the people of central Africa are farming and forestry. The people also earn their living by providing important services.
What purpose does a tariff serve?
The purpose of a revenue tariff is to earn money for the govrnment.
