Write the difference between market and non-market activities?
Write the difference between market and non-market activities?
Answer:
A market is nothing but a place where prospective consumers and distributors meet to exchange products and services. Both sides play an important role in fixing prices, where buyers decide the demand and sellers decide the resources.
Difference between market and non-market activities
The difference between the market and non-market activities are tabulated below.
Market activities
Non-market activities
It includes the payments made to someone who carries out an action to earn revenue.
In non-marketing activities, production is for self-consumption.
Market activities bring profit.
Non-marketing doesn’t provide any benefit.
Example: Service offered by the government
Example: manufacturing of primary commodities for the manufacture of goods and self-service one’s own.
Answer:
A market is nothing but a place where prospective consumers and distributors meet to exchange products and services. Both sides play an important role in fixing prices, where buyers decide the demand and sellers decide the resources.
Difference between market and non-market activities
The difference between the market and non-market activities are tabulated below.
|
Market activities |
Non-market activities |
|
It includes the payments made to someone who carries out an action to earn revenue. |
In non-marketing activities, production is for self-consumption. |
|
Market activities bring profit. |
Non-marketing doesn’t provide any benefit. |
|
Example: Service offered by the government |
Example: manufacturing of primary commodities for the manufacture of goods and self-service one’s own. |
