Economic activities are those that involve money or are performed in exchange for money or money’s worth.

Non-economic activities are those that do not generate income and are performed out of feelings like love or respect.

A parent cooking for the family is an example of a non-economic activity.

Money’s worth is the monetary value that a person assigns based on the benefit they derive from an object.

Value addition is the process of increasing the worth of a product at each stage of transformation.

Economic activities are classified into primary, secondary, and tertiary sectors.

Non-economic activities are vital for social welfare and enhance the overall quality of life.

Volunteering is engaging in activities that serve the community without expecting payment, like teaching skills to youth.

It refers to making products more valuable through processes such as manufacturing and marketing.

Payment in kind involves receiving goods instead of money, such as getting mangoes for farm labor.

The Swachh Bharat Abhiyan, where citizens participate in keeping the environment clean.

A fee is a payment for professional services, like that of doctors or lawyers.

Economic activities involve payment, while non-economic activities are performed out of love or service.

They provide goods and services that people require, driving the economy.

Examples include grocery shopping, commuting to work, and receiving services like haircuts.

Work contributes to personal development and fulfills societal needs, reinforcing community ties.

Swami Vivekananda encourages viewing work as worship, emphasizing dedication and focus.

By cooking meals, helping with homework, or supporting one another emotionally.