Types of Activities and Sectors in an Economy

A girl selling her homemade chocolates in the market is not a non-economic activity. Non-economic activities refer to activities that are not related to wealth or money. People engage in these activities out of love, sympathy, patriotism, etc.

Attending marriages, birthday parties, cultural events, etc are considered social activities.

Market activities are those activities which involve remunerations/ returns to one who performs the activity (in terms of profit, income, wages, rent, etc.). For example: selling fruits in the market, working in offices, etc.

There are basically two types of economic activities, non-market and market activities.

A person goes to the market to purchase something; this activity is known as economic activity. The activities which are concerned with money or wealth are called economic activities.