Question

What are the two parts of economic activities? Discuss.

Answer 1

There are two parts of economic activities:
1) Market Based economy is where goods and productions are produced and traded between people or participants using a system of barter or any other way which is acknowledged by the system of that area.

2) Non-Market based activities can further be divided into command base economy or green economy where the first one is controlled by political agents while the later by people contributing towards ecosystem and done within public.