An example of a non-economic activity is volunteering for a community service project. This activity involves individuals dedicating their time and effort to help others without receiving any financial compensation in return. Non-economic activities, such as volunteering, advocacy, or participating ...
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The term “value addition” refers to the process of enhancing the worth or utility of a product or service through various means. This can involve transforming raw materials into finished goods, improving product quality, or adding features that increase consumer ...
In Anu and Kabir’s story, it is Kabir who receives a salary as part of his job. He works in a capacity that requires him to perform specific tasks or services in exchange for monetary compensation. This dynamic illustrates the ...
A profession associated with a non-economic activity is that of a volunteer or social worker. These individuals engage in activities aimed at community service and social welfare rather than generating profit or income. Their work often involves providing assistance to ...
“Payment in kind” refers to a type of compensation where goods or services are exchanged instead of cash. This can include payments made in the form of agricultural products, commodities, or services, allowing individuals or businesses to fulfill their obligations ...