Economic activities are those that have monetary value. Value addition occurs when something is transformed, like turning wood into furniture, increasing its worth through skill, time, and effort. Class VI Social Science Chapter 13 The Value of Work Social Science ...
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Rohan’s volunteering is considered a non-economic activity because he is not paid for his time and effort. He teaches computer skills to young adults out of goodwill, not for monetary gain. Class VI Social Science Chapter 13 The Value of ...
Economic activities are driven by the exchange of money or wealth creation, while non-economic activities are driven by emotional or social reasons, like care, love, or gratitude, and do not involve financial compensation. Class 6 Social Science Chapter 13 The ...