Distinguish between the following Market activities and non market activities
Answers
Answer:
Market activity involved those activities which are performed basically for the purpose of the sale in the market and that include profit.Whereas non market activities are those activities primarily undertaken for the purpose of self consumption. This activity don't give profit as they are for self consumption.
Answer:
Differences between market activities and non-market activities:
Market Activities :
1. Market activities involve remuneration to any one who performs, i.e., activity performed for pay or profit.
2. These include production of goods or services including government service.
Non market activities:
1. Non-market activities are the production for self-consumption
2. These can be consumption and processing of primary product and own account production of fixed assets.