A hobby is an activity that a person engages in for personal enjoyment and relaxation, without any intention of earning money. For example, painting or gardening can be hobbies when done in free time. In contrast, an economic activity involves ...

Family non-economic activities are valuable because they strengthen bonds between family members and ensure the well-being of the household. Activities like cooking, cleaning, caregiving, and helping children with homework are done out of love and care, not for money. These ...

Examples of collective community programs include Swachh Bharat Abhiyan and blood donation drives. In Swachh Bharat Abhiyan, people come together to clean public spaces, raise awareness about sanitation, and promote a cleaner environment. Similarly, in blood donation drives, individuals volunteer ...

Two examples of monetary value creation are manufacturing goods and providing services. For instance, when a factory produces products like shoes or electronics, it adds value to raw materials by transforming them into finished goods, which can be sold for ...