Question

Different between market and un market activety

Answer 1

Marketing activities are those which are made to have financial gain in the form of earning profit /remuneration by selling the product produced by the activities of an economic agent.

Non-market activities are those activities which primarily aimed at self satisfaction or consumption.

Suppose, a cook cooking food for a restaurant is an market activity but housewife preparing same food in a house is a non-market activity.

Another example of market activity is teaching in an institution against a remuneration is a market activity but teaching your son/daughter in house is a non-market activity.