Economic Activities Non-Economic Activities

The activities in the third sector result in the production of goods and services. Activities, which are not performed to earn money but to get some satisfaction, are called non-economic activities. These activities add value to the national income. These activities are called economic activities. These activities are performed to discharge social obligation or for physical fitness or for recreation. Economic activities have two parts - market activities and non-market activities.

Market activities involve remuneration to anyone who performs. People visiting places of worship, providing relief to the victims of flood and earthquake, engaging in sports activities, gardening, listening to radio or watching television are all examples of non-economic activities Non-market activities are the production for self-consumption. The three activities most often reported are cleaning, cooking, and child minding.