The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement. Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness
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This heavily depends on many other factors and variables that will likely change in your lifetime. Right now, you’re a student, so it’s implausible for you to save large amounts because you most likely don’t earn the same amount of money the average adult does. However, further in your life, you might find that your income has risen significantly, so you can save a larger percentage of your income and keep it for your retirement.
The term used to refer to people who share common cultural characteristics is called <u>an ethnic group</u><u>.</u>
An ethnic group is constituted by a group of people who share a common cultural background together with a sense of identity. It is usually an inherited status based on the society where each person lives. Therefore a society is a wider social aggregate which may contain several ethnicities, as they can be formed by groups with different cultural backgrounds who coexist.
