You can divide your activities into market activities and non-market activities. Your knowledge of market activities allows you to focus on them and develop them in the best way.
Market activities refer to all activities aimed at selling and making money. The motivation behind market activities is to make a profit. These activities such as selling products or services to the customers, and all other activities related to this mission.
These activities enable you to generate financial returns for your efforts and business. on the other hand, These activities are broad and vary from place to place and company to company. Therefore, this article will explain the market’s activities to you clearly and simply. Let’s go
Market activities meaning
The market is where supply and demand meet. Demand from customers and supply from product/service owners.
To enter the market and profit from it, you must have certain qualifications. For example, you must have goods or services that you offer in the market, you must have a license to do this work, etc.
Above all, you need to obtain these qualifications that allow you to enter the market and profit from it. This requires you to perform many activities and functions. These activities enable you to enter and profit from the market. That why people called these activities Market Activities.
Therefore, the main motive of these activities is to profit and get money from the market
Importance of market activities
These activities are extremely important to human life and societies. Because these activities generate income and money that you can consume in other activities such as food, education, health … etc.
Non-market societies become consumer societies that are dominated by poverty and disease. And vice versa.
List of main market activities
- Issuing a business license
- Preparing the workplace
- Creating a Business website
- Production activities
- Promotion activities
- Financial activities
- Human resource activities
Moreover, for more information about these topics, refer to (Marketing Activities – Definition – Benefits?) article
The farmer plows the land, sows the seeds, and tends to plant and trees. With the aim of selling the crop when it is ripe in the market for the money. This example belongs to market activity because it is for profit.
On the contrary, if the farmer carries out the same previous activities, but the aim is personal consumption and not a sale, then these activities will turn into non-market activities.
Another example, a businessman issuing licenses for his business, equips machinery and equipment for production, buy raw materials, etc. All these activities belong to the market activities
Non-market activities are those activities that are carried out for the purpose of self-consumption. And not for profit.
Among the most obvious examples of non-market activities are the activities that governments provide in terms of products and services in various fields. They are not-for-profit services
As an example on a personal level, the wife cooks in the kitchen, and the goal of this activity is not for profit, but for personal consumption. In this case, this is an activity that belongs to non-market activities. On the other hand, if this wife was cooking for the purpose of selling food or selling recipes, then this activity would be a market activity.
In another example, human rights organizations and charities carry out non-profit activities such as spreading awareness and helping others.
Moreover, for more information about this topic. you can refer to this discussion in the Quora forum
Market activities are activities that enable you to generate financial returns for your efforts and business.
Market activities refer to all activities aimed at selling and making money. The motivation behind these activities is to make a profit.
Non-market activities are those activities which are carried out for the purpose of self-consumption. These activities are not for profit.
Market activities are very important. Because these activities generate income and money that can contribute to financing other activities such as food, education, health … etc.
In conclusion, Productive societies that use intensive market activities are strong, educated, and vibrant societies.
- What are Marketing Activities – Definition – Benefits?
- Digital Marketing Activities? – The Complete Guide
- What are the Marketing Activities for a new business?
- What are the Marketing Activities Categories?
- Market Segmentation by Income – The Best Guide
- What is Market Segmentation Definition – Great Info.
- Market Segmentation Data – The Best Guide
- What are Market Segmentation Activities – Definition – Steps
- Market Segmentation by Age – The Complete Guide