question_answer

15. If you need to start doing an economic activity to earn livelihood for your family, which one would you like and why?

Answer:

Ans.     Economic activities can be grouped under business, profession and employment. All the three have their own merits and demerits. Therefore, one will decide according to the conditions, he/she is facing.

(a) If one has enough funds to invest and he/she is a person who has an ability to take initiative and decision making then he/she will prefer business.

(b) If one has a professional degree and minimum funds to start their own practice, he/she will prefer to be a professional.

(c) If one has no such degree and no funds to start any venture of their own, but some qualification to suit the requirement of a job, he/she will prefer employment.