nonmarket
- noun
- /ˈnɒnˌmɑrkɪt/
- Specialized
- The gains implied by changes in the allocation of consumers' time are linked to the home-based production of nonmarket services, not market output.
- nonmarket production
- nonmarket economy
- nonmarket gains
Examples
-
Gains in nonmarket output and their contribution to welfare, though important, are best treated as a separate concept from productivity change.
Academic text (2016) -
Sixth, the state should be responsible for the nonmarket sectors, such as defense and education, in an overall market environment.
Academic text (1997) -
The big benefits are nonmarket, but these are still important, and things at the border of the market are shifting in interesting ways.
Academic text (2016) -
Nevertheless, the importance of nonmarket activities, the second term, has long been recognized.
Academic text (2016) -
There may also be changes in the flow of nonmarket ecological services when an ecosystem is modified by an invasion.
Academic text (2006) -
Yet it is worth remembering that welfare changes from substitution between nonmarket and market activity are not new.
Academic text (2016) -
Most notable was China's agreement to be considered a nonmarket economy by other WTO members.
Academic text (2005) -
The gains from nonmarket production using the consumer's time are conceptually distinct from the gains in market sector output.
Academic text (2016) -
Moreover, estimated gains in nonmarket production are too small to compensate for the loss in overall well-being from slower market sector productivity.
Academic text (2016) -
Many families contribute to the economy through nonmarket activities like childcare and housework.
Antonyms
Surface Forms
Morphology
Etymology
Nonmarket comes from non- ('not') and market ('a place for buying and selling'), so as a noun it means the part of the economy where goods or services are not sold, such as cooking at home, caring for family, or public schools.