IGNOU BCOC 132 2026 - Explain economic and non-economic activities with suitable e

Question

Explain economic and non-economic activities with suitable examples.

12 Feb 2026

Answer :

Word Count : 291

Economic activities are those actions undertaken by individuals or organizations that are primarily aimed at earning income, generating wealth, or contributing to the production and distribution of goods and services. These activities have a direct monetary benefit and are essential for the economic development of society. Examples of economic activities include running a manufacturing business, providing transportation services, engaging in agriculture, or offering banking and financial services. For instance, a company producing mobile phones engages in economic activity because it manufactures goods for sale, earns revenue, and provides employment. Similarly, a teacher offering tuition for a

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