what is market and non market activities?
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MARKET ACTIVITIES RELATED TO ECONOMIC ACTIVITIES. ITS MAIN AIM IS TO EARN PROFIT.
FOR EXAMPLE : MAN WORKS IN MALLS OR BANKS OR SCHOOLS.
NON-MARKET ACTIVITIES RELATED TO NON-ECONOMIC ACTIVITIES. WHICH IS DONE TO GET SERVICE, STATUS , LOVE , AFFECTION, EMOTION e.t.c... ITS AIM IS NOT TO EARN MONEY.
FOR EXAMPLE : MAN HELPS SOME KIDS.
FOR EXAMPLE : MAN WORKS IN MALLS OR BANKS OR SCHOOLS.
NON-MARKET ACTIVITIES RELATED TO NON-ECONOMIC ACTIVITIES. WHICH IS DONE TO GET SERVICE, STATUS , LOVE , AFFECTION, EMOTION e.t.c... ITS AIM IS NOT TO EARN MONEY.
FOR EXAMPLE : MAN HELPS SOME KIDS.
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Market activity involved those activities which are performed basically for the purpose of the sale in the market and that include profit. ... Whereas non market activities are those activities primarily undertaken for the purpose of self consumption. This activity don't give profit as they are for self consumption.
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