Question

5 difference between market and non market activity

Answer 1

Market Activities:

(i)   It involves the remuneration paid to anyone who performs an activity for earning money.

(ii)   It gives profit.

(iii)   For example : Government services.

Non—Market Activities:

(i)     Production is for self-consumption.

(ii)   It doesn't give any profit

(iii) For example : Processing of primary products for production of goods and one's own self-services

I just know these 3 points at the moment. I will update if i get some more points. ^_^