Human activity is an activity performed by a human being to meet his/her needs and wants or maybe for personal satisfaction. Human activities can be categorised into economic and non-economic activities.
|Particulars||Economic Activity||Non-Economic Activity|
|Definition||Economic activities are those activities which are undertaken to earn money or financial gain for livelihood.
e.g., Burger seller selling Burger
|Non-economic activities are those activities which are undertaken for the sake of pleasure, performed out of love, sympathy, sentiments etc.
e.g., Mother cooks for her family
|Motive||The sole motive is to earn money or financial gain.
e.g., Working as an accountant.
|Undertaken for the satisfaction of social psychological or emotional needs.
e.g., Visiting mosque
|Money Measurement||All economic activities can be valued in monetary terms.
e.g., Doctor charges ₹500 as consultation fee.
|Non-economic activities cannot be valued in monetary terms. These are an expression of a thought, feeling or a gesture.
e.g., An NGO distributes free clothes to poor children
|Relationship||Economic activities are related to the creation of wealth.
eg., Jack saved part of his salary to purchase a house of his won.
|Non-economic activities do not create wealth.
e.g., Money received as a donation is spent on charity work
|Outcome||All economic activities result in the production, procurement, distribution and consumption of goods and services.
e.g., Xioami produces cell phones and sells across India through its distributors.
|The end result of a non-economic activity is the mental, emotional or psychological satisfaction of the person doing the activity.
e.g., Sonia enjoys teaching orphans in an orphanage.
|Duration||Economic activities are repetitive. They are done on a regular basis to earn a living.
e.g., Ice-cream seller sells ice creams every evening.
|Non-economic activities may not be undertaken regularly. Usually, they are done during free time.
e.g., Sachin visits an orphanage in his free time.
|Source of Initiation||Economic activities are initiated to satisfy human needs and wants.||Non-economic activities are initiated to satisfy emotional or sentimental pleasures.|