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4 years ago

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

Business

2 answers:

lord [1]4 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]4 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:

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Imagine you want to become a chef and restaurant owner. What education and

Yanka [14]

Business, Culinary/food handling permit.

6 0

3 years ago

Read 2 more answers

If 50 percent of the population in a country is employed and average labor productivity equals $30,000, then real GDP per person

Vera_Pavlovna [14]

Answer:

The correct option is A. $15,000

Explanation:

For computing the real GDP per person, the following formula should be used which is shown below

= Average labor productivity × share of population employees

where,

Average labor productivity is $30,000

And, the share of population employees is 50%

Now put these values to the above formula

So, the answer would be equal to

= $30,000 × 50%

= $15,000

Hence, real GDP per person is $15,000

Therefore, the correct option is A. $15,000

5 0

4 years ago

All of the following factors would be signs of an investor's significant influence over an investee except the common stock held

ZanzabumX [31]

Answer:

The investor participates in the investee's policy-making process.

Explanation:

It is the Job of Board of Directors.

5 0

3 years ago

Harry's Construction Company specializes in digging foundations for newly constructed homes and businesses. Each worker receives

Elan Coil [88]

Based on the cost to Harry's Construction Company, the following are true:

a. $900
b. $0
c. $900

<h3>What are Harry's Variable Costs?</h3>

These are costs that change based on quantity used. The variable cost here will be:

= ( Number of workers x Cost per worker) + (Number of bulldozers x Cost per bulldozer)

= (3 x 100) + (2 x 300)

= 300 + 600

= $900

There are no given fixed costs so the fixed costs are $0.

<h3>What are the Total costs?</h3>

= Variable cost + Fixed cost

= 900 + 0

= $900

Find out more on variable costs at brainly.com/question/8225307.

8 0

2 years ago

As the capital budgeting director for Chapel Hill Coffins Inc., you are evaluating construction of a new plant. The plant has a

ValentinkaMS [17]

Answer:

18.37%

Explanation:

The internal rate of return is the return at which the net present value comes to zero

Here the net present value is the value at which the present cash inflows after discounting factor is exceeded then the initial investment. If this thing happens then the project would be accepted otherwise it would be rejected

The computation of the range of the plant IRR is to be shown in the attachment below.

Please find the attachmentHence, the internal rate of return is 18.37%

5 0

3 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