Question

what is Self-consumption is called(a) non-production activity (b) non-market activity c.non economic activity d. None। ​

Answer 1

Answer:

Non Market Activity

Answer 2

Self-consumption is named - (b) non-market activity.

• Non-market activities square measure 'activities' primarily undertaken with the aim of self-consumption. These activities do not offer profit as they're for 'self-consumption'. The 'output' of the non-market activities is neither 'purchasable within the market' nor 'for earning profit'.
• Marketing activities square measure those that square measure created to own gain within the variety of earning profit /remuneration by merchandising the merchandise created by the activities of the economic agent.

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