Distinguish between market and non-market activities with three points of distinction.


Answer to be written

Market Activities

Non-Market Activities

1. It involves remuneration to anyone who performs an activity for profit .

1. It is the production for self-consumption .

2. It involves profit .

2. It does not involve profit .

3. For Example, Government Services .

3. For Example, Government Services .


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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.