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There are various activities conducted by a person in a day. These activities can be divided into two parts. Human Activities: Economic activities Non-economic activities
1. Economic activities : These activities are conducted to earn money. A human being requires money for livelihood. Economic activities are divided into three types.
- Business
- Profession
- Employment
Business is done to earn profit. Profession is done by acquiring special knowledge to provide services to people. A professional gets fees for the services rendered. Whereas when a person works for other person or” organisation to earn wage or salary, is called employment.
2. Non-economic activities : Non-economic activities are conducted by the person to satisfy their needs other than financial needs. These activities include cultural, social, religious, sports, health related etc.