Difference between non market and non economic activities
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Non economic activities are those activities which are carried out mainly for self consumption. For example, a farmer grow crops for his own consumption and not for sale. Non economic activities are those which does not add any value to the national income and are performed out of satisfaction and duty.May 12, 2015
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bhoomiarora2071:
where is non market activities
Nonmarket refers to internal and external organizing and correcting factors that provide order to market and other types of societal institutions and organizations – economic, political, social and cultural – so that they may function efficiently and effectively as well as repair their failures.
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Non economic activities -
Non economic activities are those activities which are carried out mainly for self consumption. Non economic activities are those which does not add any value to the national income and are performed out of satisfaction and duty. For example, A mother taking care of her baby.
Non market Activities -
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. 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.
HOPE THIS HELPS..
Non economic activities are those activities which are carried out mainly for self consumption. Non economic activities are those which does not add any value to the national income and are performed out of satisfaction and duty. For example, A mother taking care of her baby.
Non market Activities -
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. 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.
HOPE THIS HELPS..
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