what is market and non market activities? explain in Detail?
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Explanation:
Differences between market activities and non-market activities:
Market Activities
1. Market activities involve remuneration to any one who performs, i.e., activity performed for pay or profit.
2. These include production of goods or services including government
Non-market Activities
1. Non-metal activities are the production for self-consumption.
2. These can be consumption and processing of primary product and own account production of fixed assets.
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