Market activities refers to the economic activity, which includes the production and consumption of goods and non-market activities include things which are not economic , and comprises of exchange system.
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these are performed for pay or profit.
eg; teacher teaching in school , man working in a bank.
NON MARKET ACTIVITES
nan market activites includes which are not the economic and comprises of exchange system.
these are performed for self consumption.
eg; subistence farming , production of primary things.
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Market Activities: When some product or service is produced to be sold in the market, it is called market activity.
Non-market Activities: When some product or service is produced for self consumption, it is called non-market activity. If a farmer produces just enough to meet his family needs, then his activity is a non-market activity. Similarly, the work of a housewife is a non-market activity; because she is working for the benefit of her family members.
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(i) It involves the remuneration paid to anyone who performs an activity for earning money.
(ii) It gives profit.
(iii) For example : Government services.
Non—Market Activities:
(i) Production is for self-consumption.
(ii) It doesn't give any profit
(iii) For example : Processing of primary products for production of goods and one's own self-services
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Market Activities | Non-Market Activities |
Market activities involve remuneration to the person who performs an activity for pay or profit. | These economic activities involve production for self-consumption. |
These are socially useful activities which are performed for pay or profit. | They are not done for pay or profit. |
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1. market activity also known as economic activity.
2. it involves production of good and services for selling in the market .
3. these activities involves remunerations in the form of salary , profits etc.
4.it add value to the personal income and national income and makes the economy progress.
1. non market activities is known as non economic activities.
2. it involves the production of good and services for self consumption.
3.it do not involve any remuneration .
4.it do not add any value to personal and national income.
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Market Activities: When some product or service is produced to be sold in the market, it is called market activity.
Non-market Activities: When some product or service is produced for self consumption, it is called non-market activity. If a farmer produces just enough to meet his family needs, then his activity is a non-market activity. Similarly, the work of a housewife is a non-market activity; because she is working for the benefit of her family members.
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Market Activities: When some product or service is produced to be sold in the market, it is called market activity.
Non-market Activities: When some product or service is produced for self consumption, it is called non-market activity. If a farmer produces just enough to meet his family needs, then his activity is a non-market activity. Similarly, the work of a housewife is a non-market activity; because she is working for the benefit of her family members.
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