differentiate between market and non-market activities
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Market
✔it involves the remuneration paid to anyone who performs an activity for eating money.
✔it gives profit
Non marke
✔it doesn't give any profit.
✔production is for self consumption
HAPPY INDEPENDENCE DAY
Market
✔it involves the remuneration paid to anyone who performs an activity for eating money.
✔it gives profit
Non marke
✔it doesn't give any profit.
✔production is for self consumption
HAPPY INDEPENDENCE DAY
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0
Answer -
Market Activities -
Market activities refers to the activities which reaches to the market and therefore receives remuneration on it. For ex- Shop keeping, Transportation etc.
Non - market activities -
Non - market activities do not reach to the market and therefore do not receive any remuneration on it. For ex- activities done for self-consumption.
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