Question

Q1)Why do we classify non-market activities as economic activities even though they are carried out for self consumption and don't include any kind of monetary gain??

Q2)Also are both economic activity and market activities same??​

Answer 1

A.2 Market activity refers to the economic activity which includes the production and consumption of goods. These are performed for pay or profit. For example a teacher training in a school, a man working in the bank.

Non-marketing activities include things which are not economic and comprises of the exchange system. These are performed for self-consumption. For example subsistence farming, processing of primary products, etc.

Answer 2

Answer:

I don't no about this

Explanation:

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