Explain briefly three differences between market and non-market activities
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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
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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
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market where goods are fresh and healthy . where many people buy many goods
non market where some people buy
market is govement property but non market is public property
non market where some people buy
market is govement property but non market is public property
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