Differtiate between market and non market
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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:
- It involves remuneration paid to any one who perform an activity for earing money.
- it gives more profit.
- example: government service.
Non - Market:
- it is for self service.
- it doesn't gives any profit.
- example : farmers.
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