Which of the following is NOT an economic activity?
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Walking in a park is considered NOT an economic activity because it does not involve the creation of monetary value or the exchange of goods and services. Economic activities are defined as actions that generate income, wealth, or financial gain, such as working a job, buying and selling products, or providing services. In contrast, activities like walking in a park are often driven by personal enjoyment, leisure, or health benefits, without any direct financial transaction involved. This distinction is important for understanding how economic activities contribute to the economy compared to non-economic activities that enhance individual well-being without generating income.
Walking in a park is not considered an economic activity because it does not generate monetary value or involve the production, exchange, or consumption of goods and services for profit. It is a non-economic activity, often pursued for personal enjoyment, relaxation, or health benefits rather than financial gain. While activities like this contribute to individual well-being and quality of life, they do not directly impact economic systems in terms of income or wealth generation. Such activities are essential for maintaining balance between work and leisure, enhancing overall mental and physical health. Therefore option 2 is correct answer.
Walking in a park is not considered an economic activity because it does not generate monetary value or involve the production, exchange, or consumption of goods and services for profit. It is a non-economic activity, often pursued for personal enjoyment, relaxation, or health benefits rather than financial gain. While activities like this contribute to individual well-being and quality of life, they do not directly impact economic systems in terms of income or wealth generation. Such activities are essential for maintaining balance between work and leisure, enhancing overall mental and physical health. Therefore option 2 is correct answer.
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