Differentiate between economic and non economic activity with example.

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Economic, i.e. to earn money.

Explanation:

Economic activities are performed for economic motive, i.e. earning profit. Any activities involving money or the exchange of products or services are economic activities.For instance, running a small business is a great example of economic activity.

On the other hand, non-economic activities are performed due to social or psychological reason. These are those activities which do not give income in return. They also do not contribute to the flow of goods and services in the economy.

Explanation:

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answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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