What Do You Mean by Economic Activity and Non Economic Activity

What Do You Mean by Economic Activity and Non Economic Activity ?

Economic activities are those activities which are concerned with wealth. These activities are always valid and legal. These are general activities of men.

Example :- Business Profession and Employment.

Non - Economic Activities are those activities. Which are no concerned with wealth. but are perform out of emotion and pleasure these are always abnormal activities.

Example :- Social Service and Other Welfare Activities.

What Do You Mean by Economics.

Economy is a social science. Which studies human behaviour which aims at allocating which studies human behaviour which aims at allocating scare resources to satisfy the unlimited wants in such a way that consumer can maximise their satisfaction producers can maximise their profit and Society can maximise social welfare.

What Do You Mean by Micro and Macro Economics?

Micro economics is that part of economic theory which studies the behaviour of individual unit of an economy.

Macro economics is that part of economic theory which study the behaviour of aggregates of the economy as a whole.

Write the difference between economic and non economic activities.

Meaning : Economic Activities are those activities which are concerned with wealth.

Objects : These Activities are done for Earning Wealth.

Legality : These are Always Valid and Legal.

Normal Activities : These are the General Activities of Man.

Example : Business, Profession,