Australian Taxation Office

Non-economic actions discuss with those actions that are performed with the objective of satisfying emotional, social, and psychological wants. Earning cash and livelihood is not the motive of human beings whereas performing non-economic activities; as a substitute, individuals carry out them out of sympathy, love, affection, and so forth. For example, a mother cooking food for her youngsters, a sports activities trainer coaching his daughter, and associates teaching one another earlier Business news than exams are considered non-economic actions. Following are the characteristics or options of business An Economic ActivityA business is an economic exercise which includes the purchase & sale of products or rendering of services to earn money. By providing services, producing employment, fostering innovation, and creating value for stakeholders, businesses contribute to the well-being of people and communities. Effective marketing strategies are key to attracting and retaining prospects.

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