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CA Foundation doubt

Non economic activities are A) those activities whose value is excluded from national income calculation as it will involve double counting B) those which produce goods and services but since this are

Asked by Janvi2 Jan 2025729 views

1 answer

  1. Piyush · 2 Jan 2025

    The correct answer is B: “Those which produce goods and services but since these are not exchanged in market transactions, they do not command any market value.” Explanation: Non-economic activities refer to activities that do not involve any exchange of goods or services in the market and hence do not have a monetary value. Examples include household work, hobbies, and leisure activities.

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