Difference Between Economic Activities And Non-economic Activities
The main dissimilarities or difference between economic and non-economic activities can be pointed out as follows:
1. Meaning
Economic Activities: Refer to those physical or mental activities which are performed with the aim of economic gain.
Non-economic Activities: Refer to those human activities performed for personal satisfaction rather than economic gain
2. Features
Economic Activities: Acquiring gain, creation of utilities etc.
Non-economic Activities: Social obligation, self-satisfaction etc.
3. Measurement
Economic Activities: These activities are measured in terms of money
Non-economic Activities: These activities have no money value. So, they cannot be measured in terms of money.
4. Motive
Economic Activities: Earning Motive
Non-economic Activities: Service Motive
5. Outcomes
Economic Activities: It creates wealth or income to satisfy the human needs and wants
Non-economic Activities: It results in self-satisfaction and happiness.
6. Role In The Economy
Economic Activities: It plays an important role in the nation's economy and influence national income.
Non-economic Activities: It has no role in the economy and national income of the country.
7. Duration
Economic Activities: Conducted regularly
Non-economic Activities: Conducted during leisure time
8. Examples
Economic Activities: Agriculture, business, jobs etc
Non-economic Activities: Household chores, social activities, political activities, religious activities etc.
Economic Activities Vs Non-economic Activities (Comparison Chart)
I hope this post is helpful to understand the difference between economic activities and non-economic activities and to make comparison between them.
Economic Activities Vs Non-economic Activities (Comparison Chart)
Basis For Difference
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Economic Activities
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Non-economic Activities
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Introduction
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Human activities which are performed for economic gain
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Activities which are performed for mental satisfaction
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Features
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Utility creation, acquiring gain etc.
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Mental satisfaction, social obligation etc.
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Monetary Measurement
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Yes
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No
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Motive
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Earning
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Service
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Outcomes
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Income and wealth
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Satisfaction and happiness
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Role In The Economy
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Yes
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No
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Time/Duration
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Regular
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In leisure time
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Examples
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Religious activities, social activities etc.
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I hope this post is helpful to understand the difference between economic activities and non-economic activities and to make comparison between them.
