Differente between market and non market activity
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Market activities involve those activities which are performed basically for the purpose of the sale in the market and that include remuneration or profit. ... Non market activities are those activities primarily undertaken for the purpose of self-consumption.
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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
Explanation:
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