Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Class notes

Class notes commerce

Rating
-
Sold
-
Pages
10
Uploaded on
20-04-2026
Written in
2025/2026

Lecture notes of 10 pages for the course Commerce at Fifth year / 11th Grade (Commerce chapter 1)

Institution
Course

Content preview

Chapter:1 Classification of human activities- Economic and Non Economic
Meaning of Human Activities: Human activities are all the things that people do in their daily life to satisfy
their needs and wants.

For example, studying, working, playing, eating, and sleeping are all human activities.

Humans do these activities because their wants never end. Even after one want is satisfied, new wants arise.

Main Characteristics:

(i) Activities done only by humans: These activities are performed by people (men, women, children), not
by animals or machines alone.

Example: Teaching in a classroom, running a business.

(ii) Done to satisfy wants: People do activities to fulfill their needs and desires, which are unlimited.

Example: Working to earn money to buy food, clothes, or a phone.

(iii) Continue throughout life: Human activities never stop. From childhood to old age, people keep doing
different activities.

Example: A child studies, an adult works, and an elderly person may guide others.

(iv) Have a wide range: There are many types of human activities—small, big, simple, or complex.

Example: Cooking at home, driving a car, using a computer, farming.

(v) Done for earning and satisfaction: Some activities help in earning money, while others give happiness
or satisfaction.

Example: Earning activity: Doing a job in an office

Satisfaction activity: Playing games, praying, or spending time with family

Classification of Human Activities All human activities can be divided into two types:
1. Economic Activities

2. Non-Economic Activities

1. Economic Activities: Economic activities are those activities which are done to earn money or wealth.
These activities help in producing goods or providing services.

Examples:

⮚ A teacher teaching in school (earns salary)

⮚ A shopkeeper selling goods

⮚ A doctor treating patients


1 | Page

, ⮚ A farmer growing crops

All these people work to earn money, so these are economic activities.

2. Non-Economic Activities: Non-economic activities are those activities which are done for love, care, or
satisfaction, not for money. These activities are based on feelings and emotions.

Examples:

⮚ A mother cooking food for her family

⮚ Helping poor people

⮚ Taking care of parents

⮚ Doing social service

These activities give happiness, not money.

1. Economic Activities: Economic activities are those activities which people do to earn money and satisfy
their needs. These activities help in creating goods and services.

Examples:

⮚ A teacher teaching students

⮚ A doctor treating patients

⮚ A shopkeeper selling goods

⮚ A farmer growing crops

All of them work to earn income, so these are economic activities.

Characteristics of Economic Activities

(i). Economic Motive: People do these activities mainly to earn money or wealth.

Example: A person works in a company to get a salary.

(ii). Productive: These activities involve production, distribution, and exchange of goods and services.

Example: A factory makes products (production) and A shop sells them (distribution & exchange)

(iii).Use of Economic Resources: Economic activities use resources like land, labour, and capital.

Example: A farmer uses land, workers, and tools to grow crops.

(iv). Rational Use: Resources are limited, so they must be used carefully and efficiently to get maximum
benefit.


2 | Page

Written for

Institution
Secondary school
Course
School year
4

Document information

Uploaded on
April 20, 2026
Number of pages
10
Written in
2025/2026
Type
Class notes
Professor(s)
Mohan
Contains
11

Subjects

$8.49
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
asthasingh7

Get to know the seller

Seller avatar
asthasingh7
Follow You need to be logged in order to follow users or courses
Sold
-
Member since
2 weeks
Number of followers
0
Documents
1
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions