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What is the base for differentiating the...

What is the base for differentiating the economic and non-economic activities?

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The base for differentiating economic and non-economic activities is the end result. If end result is money income then it is economic, if end result is psychological satisfaction then it is noneconomic.
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SUBHASH DEY-PART-A FOUNDATIONS OF BUSINESS -Very short ans
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  3. What reward a businessman gets for bearing the risks?

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  5. Name the industries which provide support service to other industreis.

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  6. What type of industry is fishing?

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  7. ABC Ltd. Is planting trees on the roadside. Which objective is it tryi...

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  8. Define Risk.

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  9. Name any two factors kept in mind while setting up an enterprise.

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  10. Why do businessmen earn profit?

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  11. Give an example of activity, which is economic in one sense and non-e...

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  14. Name the economic activity, which invovles specialised knowledge and ...

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  17. How do traders remove hindrance of persons?

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  18. Name the tertiary industry which removes hindrance of knowledge.

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  19. What term is used to refer to physical arrangement of machines and equ...

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