Distinguish between market and non-market activities
Answers
Answer:
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.
Answer: Market activities involve those activities which are performed basically for the purpose of the sale in the market and that include remuneration or profit. In simple words, the main motive of doing such activities is to earn profit by selling the output in the market.
:Non market activities are those activities which do not include any financial transactions and done without any intention of earning money or profit. Examples of such activities are household work done by a housewife, crops grown by a farmer for his own family, tutions given by a teacher to his own child etc.
Explanation: