Which one of the following would not constitute an economic activity ? Options: A . &nbspA teacher teaching his own daughter at home B . &nbspA teacher providing consultancy services from his residence C . &nbspA teacher teaching students under Sarva Shiksha Abhiyan D . &nbspA teacher teaching students in his class

Which one of the following would not constitute an economic activity ?

Question

Which one of the following would not constitute an economic activity ?

Options:

A . A teacher teaching his own daughter at home

B . A teacher providing consultancy services from his residence

C . A teacher teaching students under Sarva Shiksha Abhiyan

D . A teacher teaching students in his class

Answer: Option A
Answer: (a)
Economic activities are related to the production, distribution, exchange and consumption of goods and services. The primary aim of the economic activity is the production of goods and services with a view to make them available to consumers.
“Human activities which are performed in exchange for money or money’s worth are called economic activities.” In other words, economic activities are those efforts that are undertaken by man to earn Income, Money, and Wealth for his life and to secure maximum satisfaction of wants with limited and scarce means. A teacher teaching his own daughter at home is a non-economic activity.
“Human activities which are not performed for money or money’s worth are called non-economic activities.” Here, there is no monetary consideration in exchange for such activities.

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