Economic geography is basically a division of human geography that concerns with all matters of economic value, from incomes and resource extraction to production and exchange, to consumption and dumping. In geography, a resource is any physical substantial creating part of Earth that people need and value.

Economic geography is divided into general economic geography, the economic geography of branches of the economy, the geography of the world economy, population geography, political geography, and regional economic geography.

Page 2. Economic Geography focuses on. describing and analyzing patterns and trends in human behavior and activity to gain understanding of the processes and drivers that shape and affect the economic and cultural landscapes.

Economic geography has a long pedigree. Its traditional focus has been the distribution of various productive activities—with subdivisions into, for example, the geography of agriculture, industrial geography, and the geography of services—and patterns of trade such as transport geography.

The production, distribution, and consumption of commodities is economic activities. Eg: goods and services is an example of primary economic activity.

Production, consumption and capital formation are called the basic economic activities of an economy. Scarce resources are used in the production of goods and services with the objective of satisfying our needs and wants.

four

Economic activities are those activities which add value to the national income. It has two types: market and non-market activities.

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.

A non-economic activity is an activity performed with the purpose of rendering services to others without any considerations of financial gains. Activities that are initiated for personal content or for meeting human sentiments are non-economic activities.

non economic activities are those those don’t give more money but done for satisfaction. examples ;:Housewives doing day to day to work like cooking, laundry and so on. .A person doing a work for hobby like gardening, fishing, painting and so on.

For Example :- People going for work in factories ,farm , banks, hospitals,schools,etc. Non Economic Activites :- These activities do not give any income in return. These are done out of compassion ,love and care. For Example:- Doing social work, helping the poor, going to temple etc.

Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Those human activities which are undertaken for personal satisfaction or to satisfy human sentiments are non economic activities.

: not economic especially : having no economic importance or implication.

And the wants that can be satisfied with goods and services of any kind are economic wants. Like for example food, shelter, clothing, etc are economic human wants. And those which cannot be bought are non-economic wants like peace, love, affection, etc. All human wants to have some basic common characteristics.

Results indicate that non-economic goals are important in the formation of PSO because they activate the individual sense of responsibility that motivates shareholders to exercise control, gain knowledge and invest time in the firm. Implications of these results and ideas for future research are discussed.

6 Economic Goal of the Firm Primary objective of the firm (to economists) is to maximize profits. Profit maximization hypothesis Other goals include market share, revenue growth, and shareholder value Optimal decision is the one that brings the firm closest to its goal.

survival. Answer. Fair remuneration to employees and Planting trees at the roadside are not economic objectives of a business.

National economic goals include: efficiency, equity, economic freedom, full employment, economic growth, security, and stability. Economic goals are not always mutually compatible; the cost of addressing any particular goal or set of goals is having fewer resources to commit to the remaining goals.

Goals. In thinking about the overall health of the macroeconomy, it is useful to consider three primary goals: economic growth, full employment (or low unemployment), and stable prices (or low inflation). Economic growth ultimately determines the prevailing standard of living in a country.