Non-Competitive Markets

Question

Explain meaning of non-market activities.

Solution

These refer to activities of acquiring goods and services without using organised markets, e.g., services of housewife, barter transactions, vegetables grown in kitchen garden, etc.

Some More Questions From Non-Competitive Markets Chapter

Gross Investment and Net Investment

Domestic (Economic) Territory

National Income at Current and Constant Prices (Nominal and Real NI)

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Non-Competitive Markets

Explain meaning of non-market activities.

Some More Questions From Non-Competitive Markets Chapter

Gross Investment and Net Investment

Domestic (Economic) Territory

National Income at Current and Constant Prices (Nominal and Real NI)

Consumption of Fixed Capital (Depreciation)

Factor Cost vs. Market Price (or Net Indirect Taxes)

Net Factor Income from Abroad (NFIA)

Value of Output vs. Value Added

Factor Payment (Income) vs. Transfer Payment (Income)

Sources of Domestic Income

Sectors of an Economy

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