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 ...

Langars have a positive impact on society by promoting the values of selfless service, equality, and community support. They provide free meals to people regardless of their background, helping to reduce hunger and poverty. Volunteers working in langars strengthen social ...

Education is closely linked to economic activities because it equips individuals with the knowledge and skills needed for various jobs and professions. For example, a person studying to become a doctor or engineer uses their education to contribute to industries ...

Gratitude plays a significant role in non-economic activities as it encourages individuals to give back to society selflessly. Acts like helping others, volunteering, or supporting community initiatives are often motivated by a sense of thankfulness for what one has received ...

Participation in the Swachh Bharat Abhiyan is driven by a sense of civic responsibility and the desire to create a clean and healthy environment. People join this movement to contribute to the nation’s cleanliness and improve public hygiene. It is ...

Renovating a house with family is a non-economic activity because it is done for personal satisfaction and the betterment of the family, without any intention of earning money. Family members may work together to paint walls, repair furniture, or decorate ...

The main distinction between wages and salaries lies in how they are paid and the nature of the work. Wages are typically paid daily, weekly, or based on the number of hours or days worked, often for labor-intensive jobs like ...