Question

Activities which include production of goods or services, including government service and are performed for pay or profit, are called _______ .

a. Market activities

b. Non-Market activities

c. Market Profit activities

d. Market Influence activities

Plzz Answer ​

Answer 1

Market activity refers to the economic activity which includes the production and consumption of goods. These are performed for pay or profit. For example a teacher training in a school, a man working in the bank.

Non-marketing activities include things which are not economic and comprises of the exchange system. These are performed for self-consumption. For example subsistence farming, processing of primary products, etc.

Answer 2

(a) Marker Activities

Explanation:-Market activity refers to the economic activity which includes the production and consumption of goods. These are performed for pay or profit