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Nature And Purpose Of Business

Question

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Teaching by a teacher in school is and Teaching his son by a teacher is .

Solution

Economic activity , Non-economic activity

Some More Questions From Nature and Purpose of Business Chapter

Define internal trade.

Define External Trade.

Define risk.

Name the functions of business.

How is business an economic activity?

Explain how industry, trade and commerce are related.

What is the role of profit in business?

How auxiliaries to trade help in removing hindrance?

What is business risk. What is its nature?

How would you classify business activities?

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