Wrire any 3 differences between market and non market activities
Answers
Answer:
Differences between market activities and non-market activities:
Market Activities Non-market Activities
1. Market activities involve remuneration to any one who performs, i.e., activity performed for pay or profit. 1. Non-metal activities are the production for self-consumption.
2. These include production of goods or services including government service. 2. These can be consumption and processing of primary product and own account production of fixed assets.
Answer:
1) Market activity involved those activities which are performed basically for the purpose of the sale in the market
2) It includes profit.
3)Eg - A farmer grows crops and sells the excess for sale.
1) Whereas non market activities are those activities primarily undertaken for the purpose of self consumption.
2)This activity don't give profit as they are for self consumption.
3)Eg - A farmer grows crops for his own consumption and not for sale.