11th Class Business Studies Nature And Purpose Of Business

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


    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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