Question

(1) What is the economic and non-economic activity ? Explain with illustration. (2) Explain the meaning of profession and state its characteristics. (3) Explain the difference between trade and commerce. 5. Answer the following questions in detail : (1) What is business ? State the objective of business, (2) Explain the characteristics of business. (3) "Existence of business is not possible without society” Explain the statement with reference to social objectives of business. (4) What is business risk ? State the causes of business risk. (5) Distinguish between business, profession and employment. (6) Give the meaning of industry and state its types. e urn of (a) 11 - Nature, Purpose and Scope of Business​

Answer 1

Answer:

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