define the following :
a) Market activities
b) Non-market activities
c) human capital
d) Human resource
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define the following :
a) Market activities
b) Non-market activities
c) human capital
d) Human resource
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Answer:
Market activities: A market activity represents the consumption mix of a product for a given region, accounting for the trade between the producer and consumer, and, when needed, for product losses that occur during the product's transportation.
Explanation:
Non-market activities:A unit is considered to render non market services when it provides them free of charge or at prices which are not economically significant. These service activities are found in education, health, social work and administration. Human capital:the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. Human resource:the department of a business or organization that deals with the hiring, administration, and training of staff.