define market and non market activities
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Following are the difference between market activities and non market activities.
Market Activities -
1) Market activities involve those activities which are performed basically for the purpose of the sale in the market and that include remuneration or profit. In simple words, the main motive of doing such activities is to earn profit by selling the output in the market.
2) It includes production of goods and services, including the government services.
3) Example : a vegetable vendor selling vegetables , a grocer selling grocery, a shoemaker selling shoes, a general merchant selling consumer durable etc.
Non market Activities -
1) Non market activities are those activities primarily undertaken for the purpose of self-consumption. These activities don't give profit as they are for self consumption.
2) The output of the non market activities is neither for sale in the market nor for earning profit. These activities can be for consumption and processing of primary products for one's own use.
3) Example : A farmer cultivates primarily for himself and his family and not for earning profit.
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here is your answer..
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Following are the difference between market activities and non market activities.
Market Activities -
1) Market activities involve those activities which are performed basically for the purpose of the sale in the market and that include remuneration or profit. In simple words, the main motive of doing such activities is to earn profit by selling the output in the market.
2) It includes production of goods and services, including the government services.
3) Example : a vegetable vendor selling vegetables , a grocer selling grocery, a shoemaker selling shoes, a general merchant selling consumer durable etc.
Non market Activities -
1) Non market activities are those activities primarily undertaken for the purpose of self-consumption. These activities don't give profit as they are for self consumption.
2) The output of the non market activities is neither for sale in the market nor for earning profit. These activities can be for consumption and processing of primary products for one's own use.
3) Example : A farmer cultivates primarily for himself and his family and not for earning profit.
.
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Answered by
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Answer:
Economic activities are also called Market activities. Market activities involve remuneration to any one who performs activity performed for pay or profit. These include production of goods or services including government service.
Non market activities are those activities which do not include any financial transactions and done without any intention of earning money or profit. Examples of such activities are household work done by a housewife, crops grown by a farmer for his own family, tutions given by a teacher to his own child etc
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