adjective
- not involving or relating to commercial markets or market-based transactions
Usage: economics; business
Examples
- The government provides nonmarket services like public education and defense.
- Nonmarket activities include volunteer work and household production.
- The study examined both market and nonmarket factors affecting the economy.
- Many environmental benefits are nonmarket goods that lack clear pricing.
- Nonmarket mechanisms like regulation can address market failures.
- The organization focuses on nonmarket approaches to social problems.