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Nature And Purpose Of Business

Question

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Which is a non-economic activity?
leaning one's own room
Watering the garden of a school by a gardener
Selling goods by the seller of J.RH.
Work in an office

Solution

A.

leaning one's own room

Some More Questions From Nature and Purpose of Business Chapter

Define 'Commerce'.

Define trade.

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?

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