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Economic factors are all the units required in the economic activity of production of goods and services with the effective and efficient utility of resources and fulfill the consumption demand in any market and national economy.
Non economic factors are the social and political environment that may not directly effect the level of national income and output.
Economics is the interaction of the functions of demand and supply on the market for the prudent usage of scarce resources in order to arrive at a balanced curve while non-economics factors are factors that are used as substitutes to the players in the clear field of economics in order to allow the market play without interruption by switching to substitutes when the side of the players becomes high
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoeconomic are Natural Resources witch are non renewable and renewable resources when u recyle u are reusing paper and it takes trees a long time to grow back when u get paper and vut doen trtees?
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What are the example that economic factors linked to non-economic?
examples of non economic factors
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
Whats the definition of noneconomic activity?
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
What is the opposite of economic choice?
non-economic choice
What does economic factor mean for a Coca-Cola?
does coca cola have a economic factor
What are the example that economic factors linked to non-economic?
examples of non economic factors
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
Whats the definition of noneconomic activity?
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
What is the opposite of a factor?
A non-factor.
Non examples of a limiting factor?
a non-example factor is like the opposite
What is the opposite of economic choice?
non-economic choice
What is The factor related to money?
Economic
What is the opposite of the word factor?
non-factor
Economic and non economic want?
An economic want is like America wants gas prices to be lower, a non economic want would be wanting milk prices to be lower.
Is family picnic an economic activity?
no its non economic activity.
