Question

Distinguish between market and non-market activities with three points of distinction
CBSE Class IX Social Science SA (3 Marks)

Answer 1

i)   It involves the remuneration paid to anyone who performs an activity for earning money. 
(ii)   It gives profit. 
(iii)   For example : Government services.


Non—Market Activities:

(i)     Production is for self-consumption. 
(ii)   It doesn't give any profit 
(iii) For example : Processing of primary products for production of goods and one's own self-services 

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Answer 2

market activities are those activities which are done to earn profit and for wealth non market activities are those which are not directly related to wealth market activities are also known as economic activities non market activities are also known as non economic activities market activities are classified as primary secondary and tertiary activities non market activities are done for social works such as patriotism etc. example farmers cultivate the crops and sell it in the market example mothers cook for their children HOPE THIS HELPS

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