Question

Difference between market activity and non market activity Difference between market activity or non market activity difference between market activity or non market activity search

Answer 1

Answer:

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

Answer 2

Market activity involved those activities which are performed basically for the purpose of the sale in the market and that include profit. ... Whereas non market activities are those activities primarily undertaken for the purpose of self consumption. This activity don't give profit as they are for self consumption