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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, ______ ________ ________ _________ _________.
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