human activities in business

HUMAN ACTIVITIES IN BUSINESS:

All the activities that the human beings perform can broadly be classified as follows:
Economics activities:
The activities by which the human beings earn income and generate wealth are know as economic activities. For workers work in a factory, a shopkeeper sells goods in his shop, and a doctor attends patients in his clinic to earn money. Economic activities are basically concerned with production and distribution of goods and services which are used to satisfy human wants. In order to earn a living, human beings pursue an occupation based on their skill and ability. they may start farming, follow a profession, seek an employment or set up a business to earn their living. Thus, there are three essential features of economic activities:
-Objectives of economic gain,
-Creation of utilities through provision of goods and services, and
-Satisfaction of other people's needs.
An activity is called economic activity when all these three conditions are satisfied.

Non-economics activities:
the human activities which are carried out to satisfy social, psychological and emotional needs are called non-economic activities. these activities are not performed for personal satisfaction and are inspired by pleasure,love, affection, patriotism, sympathy, religion, charity, and other similar sentiments. for example, a wealthy man denotes 1million for flood relief fund. such human activities are not concerned with earning money.