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"Economic activities" is categorized into which of the following categories? |
Developmental and non-developmental activities Farming and non-farming activities Investment and non-investment activities Market and non-market activities |
Market and non-market activities |
The activities that result in the production of goods and services and add to the value of national income are called as "economic activities". They have been further divided into 2 categories i.e. market and non-market activities. Market activities involve remuneration to anyone who performs i.e., activity performed for pay or profit. Non-market activities are the production for self-consumption. |
