Overview

non-marketed economic activities


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Economic activities producing goods and services not distributed through markets. These may be conducted by individuals, organizations, or the state. Individuals perform for themselves or their families activities which can be and often are paid for: these include childcare, looking after the sick and the elderly, housework, driving, gardening, and do-it-yourself home improvements. Many voluntary organizations such as charities and churches produce services which are given free rather than sold. A great many government services, including health, education, and personal social services, are provided free, to some recipients at least. Between them these various forms of non-marketed activity constitute a significant share of a modern economy.

Subjects: Economics.


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