Q1. Explain the meaning of non-
market activities.
Non-marketable
Involuntary
Economic
Production
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- ɴᴏɴ ᴍᴀʀᴋᴇᴛ ᴀᴄᴛɪᴠɪᴛᴇs ᴀʀᴇ ᴛʜᴏsᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴛʜᴀᴛ ʜᴀᴠᴇ ɴᴏ ғɪɴᴀɴᴄɪᴀʟ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs. ɪᴛ ɪɴᴄʟᴜᴅᴇs ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ғᴏʀ sᴇʟғ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴀɴᴅ ʜᴇɴᴄᴇ, ᴛʜᴇʀᴇ ɪs ɴᴏ ᴘʀᴏғɪᴛ ᴀssᴏᴄɪᴀᴛᴇᴅ ᴡɪᴛʜ ᴛʜᴇsᴇ ᴀᴄᴛɪᴠɪᴛɪᴇs.
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Answer:
Hello my friend
Explanation:
Answer: Non market activites are those activities that have no financial transactions. It includes production for self consumption and hence, there is no profit associated with these activities.
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