example of each: non-economic and non-market activities.
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Non economic activities are those which does not add any value to the national income and are performed out of satisfaction and duty. For example, A mother taking care of her baby. Non market activities are those activities primarily undertaken for the purpose of self-consumption.
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Non economic activities are those which does not add any value to the national income and are performed out of satisfaction and duty. For example, A mother taking care of her baby. Non market activities are those activities primarily undertaken for the purpose of self-consumption
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