Question

.What is the difference between market and non market activities?

Answer 1

Market activities refers to the economic activity, which includes the production and consumption of goods

Non-market activities include things which are not economic, and comprises of exchange system.

These are performed for pay or profit.

These are performed for self consumption.

For ex : Teacher teaching in a school , man working in bank etc.

For ex : Subsistence farming , processing of primary products etc.