Meaning | 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. |
Motive | Economic, i.e. to earn money. | Social or psychological, i.e. out of love, affection, etc. |
Money measurement | Measured in monetary terms. | Lacks money measurement. |
Approach | Pragmatic | Idealistic |
Results in | Creation of wealth and assets. | Satisfaction and happiness. |
National Income | Adds value to national income. | Does not affects national income. |
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