What do you understand by economic activities?

CBSE Class 11 CBSE Class 11 Business Studies
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1

What do you understand by economic activities? Differentiate between economic and non-economic activities on the basis of(i) Purpose (ii) Result (iii) Contribution to GDP (iv) Examples.

2

Economic activities are undertaken by people with the objective of earning money.
For example, production, exchange and distribution of product.

The differences between these two on the given basis are tabulated below

Economic activities are undertaken by people with the objective of earning money..png905×229 35.2 KB