All categories

3 years ago

What is an economic and non economic activity explain me in short and give one example each

Business

2 answers:

lord [1]3 years ago

6 0

Explanation:

Economic activities:Agriculture, fishing, mining and forestry.

Non-economic:Cultural and religious,family commitment and free time activities.

An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.

Non-economic activities refer to a human activity undertaken sheerly out of love, affection, sympathy or patriotism. ... It includes all those activities which are performed for the satisfaction of human sentiments that can be social, religious, cultural, personal, recreational, charity, patriotic.

Sonbull [250]3 years ago

4 0

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

You might be interested in

A catering company is producing at a point where its marginal costs are $25 and its fixed costs are $5000. At the current price

Kipish [7]

Answer:

The firm should shut down the production.

Explanation:

The given marginal costs = $25

Fixed cost of the production = $5000

The price of producing the 50 units of meals = $10

The new price of the meal when demand goes up = $20

Since it can be seen that the price of the meal is lower than the average cost or even it is less than the marginal cost. So, when the prices are lower than average cost then a firm should shut down the production because after shutting down the production the loss will be equal to the fixed cost only.

So, the firm should shut down the production.

6 0

3 years ago

If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be_________the socially optim

creativ13 [48]

Answer:

B. lower than

Explanation:

As orange has a positive externality which cannot be included in the cost, the social optimal will be lower. That's because, neither the consumer will pay to benefit the entire society a higher price than their marginal utility or the producer produce when marginal cost exceed the marginal revenue

The government should try to subsidize the market to allow for a hiher quantity of organge an achieve the socially optinal quantity.

3 0

3 years ago

Efficiently scheduling material and labor is an example of ________________ decisions

Bas_tet [7]

A) strategic
B) tactical
C) operational
D) short-term
E) none of the above

its b tactical

3 0

3 years ago

If the money supply exceeds money demand, people will ____ bonds which will cause bond prices to ____ and the nominal interest r

Stella [2.4K]

Answer:

A. buy; rise; fall

Explanation:

As for the provided information, we know,

As the supply of money exceeds the demand people will have more investing power, accordingly people will buy more bonds,

as more and more people will try to buy the bonds the price for bond because of high demand will automatically due to demand and supply proportion will rise,

and then to control the demand of bond, and control the purchase of bond, the nominal interest rate provided on bonds will fall.

5 0

3 years ago

Valley spa purchased $7,800 in plumbing components from tubman co. valley spa signed a 60-day, 10% promissory note for $7,800. i

lapo4ka [179]

Answer:

The journal entry is given as follows;

Explanation:

Accounts Receivable-Valley Spa Dr.$7,930

Interest Revenue (7,800*10%*2/12) Cr.$130

Notes Receivable Cr.$7,800

8 0

2 years ago

What is an economic and non economic activity explain me in short and give one example each​

What is an economic and non economic activity explain me in short and give one example each