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 include 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. Let’s go
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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 specific qualifications. For example, you must have goods or services you offer in the market, and you must have a license to do this work, etc.
Above all, you need to obtain these qualifications 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 is 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 critical 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, refer to the (Marketing Activities – Definition – Benefits?) article for more information about these topics.
The farmer plows the land, sows the seeds, and tends to plant and trees to sell 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, the aim is personal consumption and not a sale. These activities will turn into non-market activities.
Another example is a businessman issuing licenses for his business, equipping machinery and equipment for production, buying raw materials, etc. All these activities belong to the market activities.
Non-market activities are those activities that are carried out for self-consumption. And not for profit.
Among the most obvious examples of non-market activities are governments’ products and services in various fields. They are not-for-profit services.
For example, on a personal level, the wife cooks in the kitchen, and the goal of this activity is not for profit but personal consumption. In this case, this is an activity that belongs to non-market activities. On the other hand, this activity would be a market activity if this wife were cooking to sell food or sell recipes.
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 that are carried out for self-consumption. These activities are not for profit.
Market activities are significant 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 communities.