distinguish between market and non-market activities with three points of distinctions .
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Market Activities:
(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
(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
shaiyam:
achha hai i understood the difference
OH OK
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