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Economic activity is the activity in which we work for earning an incom.

Non economic activity is the activity wich we do it for our satisfaction.

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โˆ™ 2014-05-17 16:57:45
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Q: What is the difference between economic and noneconomic activity?
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Related questions

What is the difference between economic and noneconomic?

Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.


What is the difference between a reccession and a depression?

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What is the difference between economic and commercial activity?

commercial economy those aspects of an economy that are tied to the exchange of goods, services, and labor activities, while economic activity attracts and supports a range of industries.


Difference between activity and task?

The chief difference between an activity and a task is that a task is more precise form of an activity.


What is economic and non-economic activity?

Essentially the difference between economic and non economic activity is that economic activity are activities in the economy that contribute to the Gross Domestic Product [GDP] of the Nation. I.E if you provide/produce a good or service in exchange for money. example: you grow apples and sell them at the market- this is economic activity. Non economic activity is just the opposite. Activity in the economy that does not affect GDP. My understanding is that it is essentially unpaid work. Like if you clean your house or mow your lawn and do not get paid for your time/efforts.


What is the difference between global economy and international economy?

There is no functional difference; they are the same thing, though they may be applied to differentiate between economic activity between certain groups of states and the world as a whole.


What explains the difference between a tax and a tariff?

Taxes are paid on domestic economic activity while tariffs are paid on international trade.


What is Difference between industry and commerce?

Industry is economic activity associated with the processing of raw materials and manufacture of products in factories. Commerce is the activity of buying and selling, especially on a large scale.


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A biosphere reserve allows limited economic activity and living laboratories. A wildlife sanctuary is a protected area where limited human activity is allowed.


What is the difference between economic and non- economic activity?

Economic activities is that we do to satisfy our wants and where money is involved. Non-economic activities means where money is not involved Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure). It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicator. Economic activity is the work that people do to enhance their quality of life. Economic activities include thing that people do to get, refine or use Natural Resources


What is the difference between economic and non-economic activity?

Economic activities is that we do to satisfy our wants and where money is involved. Non-economic activities means where money is not involved Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure). It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicator. Economic activity is the work that people do to enhance their quality of life. Economic activities include thing that people do to get, refine or use natural resources

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