Question

Distinguish between market and non market activities . Explain the classification of economic conditions into 3 categories with example

Answer 1

Market- 1. Market activity in involved those product which come in sell.

2. It includes products of goods and services.

3.Example-Fruits and vegetables.

Non Market-1. Non market activity are those activity which undertaken the purpose of consumption.

2. Non market activity includes neither for sale and not for earning profit.

3.Eg- a farmer cultivated primarily only for himself not for profit.

Answer 2

I hope this answer is helpful for you☺☺

Please make me brainlest☺☺☺