Classification of Human Activities
ICSE · Class 11 · Commerce
Quick revision notes for Classification of Human Activities — ICSE Class 11 Commerce. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
1. Human Activities and Their Classification
- Human activities are actions performed by human beings to meet their requirements.
- Human wants are unending, unlimited, and recurring, so human activities continue throughout life.
- Human activities have a wide range and may be done for money or for personal satisfaction.
2. Economic Activities
- Economic activities involve production, exchange, distribution, and consumption of wealth.
- Only lawful activities performed to earn money and acquire wealth are economic activities.
- Economic activities are undertaken to make money and create wealth.
3. Non-Economic Activities
- Non-economic activities are not related to production, exchange, distribution, or consumption of wealth.
- They are not performed to earn money.
- They are usually done for personal satisfaction, love and affection, patriotism, social obligation, or religious duty.
4. Basis of Classification
- The classification of activities depends on the object of the activity, direct relation with wealth, and legality of the activity.
- If the main object is economic gain, the activity is economic.
- If the activity is done to elevate human sentiments, it is non-economic.
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