493c312a_Economics_of_Natural_Disasters__Definition
[Term] Market vs. Non-market Effects [Example] Market effect: loss of income due to disaster-caused destruction. Nonmarket effects: loss of leisure time due to longer commute as a result of the disaster. [Definition] 
Market effects are those that are reflected in national income accounts data; Non-market effects do not appear in the national income accounts data
The Economics of Natural Disasters
Definition