Question

what are economic activities? Distinguish between market and non market activities​

Answer 1

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. ... Additionally, any activities involving money or the exchange of products

Answer 2

All the activities which generate income through sale of goods and services are known as economic activities.

Market Activities:

• It involves the remuneration paid to anyone who performs an activity for earning money.
• It gives profit.
• Eg: Government Services

Non-Market Activities:

• Production is done for self-consumption.
• No profit.
• Eg: Crops grown by a farmer for his own family.