Question
Differentiate between Economic and Non-Economic activities. Discuss the relationship
between Trade, Industry, and Commerce.
Answer :
Word Count : 553
__________ _____ __________ _____ ______ _________ _______ _________.
_______ _______ _____ _________ __________ __________ __________ ______ ____ _______.
__________ _____ _________ __________ _____ ___ ________.
_________ __________ _________ _________ ________.
_____ ______ ___ _____ ______ ________ ___ _____ _______ __________ ______ ____.
___ _________ _____ ______ ____ ___ __________ _______.
___ _________ _____ ___ _________ ________ _____ _______ ___ ______.
______ _____ ______ ______ ______.
___ ________ __________ __________ ______ ____.
___ ___ ______ __________ _______ ___ ___ ______ __________.
____ ______ _________ _______ __________ ______.
____ ________ ___ ____ _______ ______ _________.
____ ________ _________ __________ _______ ____ ________.
_______ ____ __________ ____ _______ _______ _______ _______ __________.
____ ___ __________ ______ _______ ______ _______ _________ _______.
____ _______ __________ _________ _________.
_________ _________ __________ _________ _____ ___ ________ ________ _______ ________ _______ ____.
______ ___ _____ ____ _______ _________ ___ ______ __________ ______.
_________ ______ _________ ___ __________ _____ __________ __________.
______ ____ ________ _______ ____ __________ ___ _________ ___ ______ ____ ___.
___ _________ _____ _______ _____ _______ _______ _______.
______ __________ ___ ____ ______ __________ ______ _________ ____ ________.
_____ _______ _______ ___ __________ __________ _________ ___ _________ __________ ____.
_________ _______ _____ _________ ___ ___.
_____ _______ _______ _____ __________ ___ ______ ________ ____ _______ _____ _______.
______ _________ ______ _______ _______ ____ _____ ________ ____ ________ ____ ________.
____ ______ __________ ______ ________ __________ ____ ________ ________ _______.
_________ ______ _________ _____ _________ _______ __________ _______.
______ _____ ___ ________ ____ ___ ___ _____ ______ _______.
__________ _____ ____ __________ _________ _____ ___ ______ _______ ____.
_______ _________ _______ _____ _______ _______ ______ ______ ______ _____.
______ ________ ______ ________ _____ __________ _______ _______ ____ _______ ________.
___ __________ _________ __________ __________.
__________ __________ _________ _______ _______ _________ ________ ____ ______ _________ _________.
________ ____ _______ ________ ___.
_____ ______ _______ _______ __________ ____ __________ ________ _______ _________.
_______ _____ ___ ___ _______ _____ _____ ____ ___.
__________ _______ __________ _______ ______ __________ ______ __________ _______ ____.
_________ ________ __________ ______ __________ __________ __________ _____ _________ _________ _________ __________.
___ _______.
Skip in 10
Economic activities are those activities undertaken with the primary objective of earning income or creating wealth. They involve the production, distribution, exchange, and consumption of goods and services. Examples include manufacturing, farming, banking, teaching for salary, transportation, and retailing. Non-economic activities, on the other hand, are performed without the primary motive of earning money. They are generally motivated by love, affection, social service, religion, charity, patriotism, or personal satisfaction. Helping a family member, volunteering for a charitable organisation, participating in religious activities, and helping a neighbour are examples of non-economic activities. The major differences between economic and non-economic activities can be understood on the basis of their objectives, motivation, nature, measurement, and results. Economic activities are mainly motivated by the desire to earn income and satisfy material needs, whereas non-economic activities are motivated by emotional, social, moral, or psychological considerations. Economic activities generally have a measurable monetary value because goods and services are exchanged for money. Non-economic activities usually do not have a direct monetary value. Economic activities contribute to the generation of national income and employment, while non-economic activities generally do not directly contribute to national income. For example, a doctor working in a hospital for a salary
_______ ___ ________ ________ ________ ______ ______.__________ _____ __________ _____ ______ _________ _______ _________.
_______ _______ _____ _________ __________ __________ __________ ______ ____ _______.
__________ _____ _________ __________ _____ ___ ________.
_________ __________ _________ _________ ________.
_____ ______ ___ _____ ______ ________ ___ _____ _______ __________ ______ ____.
___ _________ _____ ______ ____ ___ __________ _______.
___ _________ _____ ___ _________ ________ _____ _______ ___ ______.
______ _____ ______ ______ ______.
___ ________ __________ __________ ______ ____.
___ ___ ______ __________ _______ ___ ___ ______ __________.
____ ______ _________ _______ __________ ______.
____ ________ ___ ____ _______ ______ _________.
____ ________ _________ __________ _______ ____ ________.
_______ ____ __________ ____ _______ _______ _______ _______ __________.
____ ___ __________ ______ _______ ______ _______ _________ _______.
____ _______ __________ _________ _________.
_________ _________ __________ _________ _____ ___ ________ ________ _______ ________ _______ ____.
______ ___ _____ ____ _______ _________ ___ ______ __________ ______.
_________ ______ _________ ___ __________ _____ __________ __________.
______ ____ ________ _______ ____ __________ ___ _________ ___ ______ ____ ___.
___ _________ _____ _______ _____ _______ _______ _______.
______ __________ ___ ____ ______ __________ ______ _________ ____ ________.
_____ _______ _______ ___ __________ __________ _________ ___ _________ __________ ____.
_________ _______ _____ _________ ___ ___.
_____ _______ _______ _____ __________ ___ ______ ________ ____ _______ _____ _______.
______ _________ ______ _______ _______ ____ _____ ________ ____ ________ ____ ________.
____ ______ __________ ______ ________ __________ ____ ________ ________ _______.
_________ ______ _________ _____ _________ _______ __________ _______.
______ _____ ___ ________ ____ ___ ___ _____ ______ _______.
__________ _____ ____ __________ _________ _____ ___ ______ _______ ____.
_______ _________ _______ _____ _______ _______ ______ ______ ______ _____.
______ ________ ______ ________ _____ __________ _______ _______ ____ _______ ________.
___ __________ _________ __________ __________.
__________ __________ _________ _______ _______ _________ ________ ____ ______ _________ _________.
________ ____ _______ ________ ___.
_____ ______ _______ _______ __________ ____ __________ ________ _______ _________.
_______ _____ ___ ___ _______ _____ _____ ____ ___.
__________ _______ __________ _______ ______ __________ ______ __________ _______ ____.
_________ ________ __________ ______ __________ __________ __________ _____ _________ _________ _________ __________.
___ _______.
IGNOU ACADEMY
Your IGNOU journey, made easier.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
Continue Reading — It's Free
Sign in with Google to unlock more of this answer.
✓ Free access
✓ Unlock up to 60% of the answer
✓ No payment required
✓ Unlock up to 60% of the answer
✓ No payment required
Quick Google sign-in. No separate registration form.