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Market activities and non market activities

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Market activities and non market activities

Posted by Jasnoor Kaur 5 years, 9 months ago

CBSE > Class 09 > Social Science

1 answers

Gaurav Seth 5 years, 9 months ago

Economic activities can be classified into market activities and non-market activities.

1. Market activities involve remuneration to anyone who performs the activity. These include production of goods and services for sale in the market.

2. On the other hand, non-market activities are the production activities performed for self-consumption. These include consumption and processing of primary products and own account production of fixed assets.

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CBSE > Class 09 > Social Science