11th Class Business Studies Nature And Purpose Of Business

  • question_answer 8)
    State the different types of economic activities.

    Answer:

    Economic activities are those by which we can earn our livelihood. Economic activities may be further divided into three categories, namely business, profession and employment, e.g., a person running a garment business, a doctor operating in his clinic, and a teacher teaching in a school- all three are doing so to earn their livelihood and are, therefore, engaged in an economic activity.


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