Question

differentiate between market and non market activities

Answer 1

Economic activities and non- economic activities are also called as Market and non - market activities respectively.
Market activities involve remuneration to any one who performs .
Non- market activities are production for self- consumption.
Market activities include production of goods or services .
Non- market activities can be consumption and processing of primary product and own account production of fixed assets.

Answer 2

economic activities which are done to earn money is called market activities.


economic activities which are done not to earn money is called non market activities