Write the Difference between Market and Non-market Activities
Here we will learn about the concepts of market and non-market and the differences between Market and Non-market Activities.
Here we will learn about the concepts of market and non-market and the differences between Market and Non-market Activities.
Answer: The difference between the two is listed below:
Market activities | Non-market activities |
This includes paying those who take action to generate income | For non-marketing activities, production is for self-consumption |
Market activity brings profits | Non-marketing brings no benefit |
Example: Government-provided services | Example: Production of goods and production of raw materials for self-service |