what is market and non market activities?
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Non market activities are those activitiesprimarily undertaken for the purpose of self-consumption. These activities don't give profit as they are for self consumption. The output of the non market activities is neither for sale in the market nor for earning profit.
A market activity is an activity that does not transform inputs, but simply transfers the intermediate exchange from one transforming activity to another transforming activities that consumes this intermediate exchange as an input, e.g. from glycerine at the supplier to glycerine at the consumer.
A market activity is an activity that does not transform inputs, but simply transfers the intermediate exchange from one transforming activity to another transforming activities that consumes this intermediate exchange as an input, e.g. from glycerine at the supplier to glycerine at the consumer.
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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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