Question

difference between market and non market activity

market activity is a vector quantity or scaler quantityk



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Answer 1

Answer:

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.

These two categories can be distinguished from one another by their distinct definitions: Scalars are quantities that are fully described by a magnitude (or numerical value) alone. Vectors are quantities that are fully described by both a magnitude and a direction.