Question

8 Answer the following.
1) Give comparative analysis of business, profession and employment.
2) Define business. Explain its features.
3) Describe various objectives of a business.
4) Explain the importance of profit in business,
​

Answer 1

Answer:

2) Business is an economic activity which includes purchase and sale of goods or rendering services to earn money.

Features of Business:

1.Profit motive

2.Buying and selling

3.Social Activity

4.Customer satisfaction

5.Economic activity