Economy, asked by ypitaliya, 1 year ago

Non market activities can be converted into market activities if they are paid for . Explain the statemant

ypitaliya: Give an example please

Answers

Answered by Verma1111

Market Activities are those activities which are done for remuneration i.e for pay or to gain.
Non market are those in which there is no wage involvement.
The major difference is paying.
Hence non market Activities can be converted into market Activities if they are paid for.Also paying have effect on Economy.
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Verma1111: A farmer grows crop and use for self consumption is non market activity until he get paid for it

Verma1111: Hope it'd helped you

ypitaliya: Thank u very much verma

ypitaliya: Thanks

Verma1111: Hmm...Myself Saloni Verma

ypitaliya: Thanks

ypitaliya: Saloni

Verma1111: welcome

ypitaliya: Bye

Verma1111: bye

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