Question

Distinguish between market and non-market activities.

Answer 1

HI FREINDS....❄⛄❄

HERE IS YOUR ANSWER..❄⛄❄

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Market Activities -

1) 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.

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Non market Activities -

1) Non market activities are those activities primarily undertaken for the purpose of self-consumption. These activities don't give profit as they are for self consumption.

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HOPE IT HELP U

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Answer 2

Hello frnds.
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Market Activities -

1) In market activities, those activities are included which are basically made for sale purposes in the market and include remuneration or profit. In simple words, the main purpose of doing such activities is to make profit by selling output in the market.

2) It includes the production of goods and services including government services.

3) Example: A vegetable seller is selling vegetables, selling a grocery grocery, a shoemaker selling shoes, a general merchant selling consumer durables etc.

Non-Market Activities -
1) Non-market activities are mainly done for the purpose of self-consumption. These activities do not benefit because they are for self consumption.

2) The production of non-market activities is neither for sale nor for profit in the market. These activities may be for the use and processing of primary products for their own use.

3) Example: A farmer mainly cultivates himself and his family, not to earn profit.

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@Srk6