Question

Differentiate the market activitys and non - market activity​

Answer 1

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Marketing activities are those which are made to have financial gain in the form of earning profit /remuneration by selling the product produced by the activities of an economic agent.

Non-market activities are those activities which primarily aimed at self satisfaction or consumption.

Suppose, a cook cooking food for a restaurant is an market activity but housewife preparing same food in a house is a non-market activity.

Another example of market activity is teaching in an institution against a remuneration is a market activity but teaching your son/daughter in house is a non-market activity.

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Answer 2

Marketing activities are those which are made of have financial gain in the form of earning profit by selling the product produced by the activities of an economic agent .

Non-market activities are those activities which primarily aimed at self satisfaction or consumption.

Suppose, a cook cooking food for a restaurant is a market activity but housewife preparing food in home is a non-market activity .

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