Question

Give 2 examples of non market activities.

Answer 1

two examples of non market activities- 

1. subsistence farming or agriculture
2. cleaning own's house

Answer 2

Non-market activities are the activities essentially initiated for the tenacity of self-consumption. These types of activities do not have a financial transaction; as they are meant to be self-consumption. Accordingly, these activities do not produce any earning or profit. Moreover, the output from these activities does no fulfill the purpose of sale and earning a profit. The following are the examples of the non-market economy:

1. Crops cultivated by a farmer for his family.

2. Mother doing the household work such as cooking, washing etc.