Glossary

In national economic accounting, production of goods and services that are provided free of charge or for prices that do not significantly influence the amounts that producers supply or that purchasers demand. In the NIPAs, most of the production of nonprofit institutions and of government agencies is nonmarket production. In addition, the term “nonmarket production” is sometimes used to refer to production activities that are outside the scope of the national economic accounts, such as unpaid household work and volunteer labor (see “Production boundary”).