Question

Along with being economic activity, business is also a human and social activity explain?

Answer 1

Answer:

An economic activity is an activity of providing, making, buying, or selling of commodities or services by people to satisfy their day-to-day needs of life. ... Activities that involve money, or the exchange of products or services, are economic activities.

Answer 2

Along with being an economic activity, businesses are also human and social activity because it deals with humans and fulfills their requirements in society.

Explanation:

• A business organization mainly performed economic activities of earning profits and manufacturing goods and services.
• However, it is also a social activity because businesses have to follow the rules and regulations of society while fulfilling the needs of the people.
• It is also human activity because it a number of human resources are used in the functioning of any business organization. Moreover, a business generally fulfills the demands of human beings and is directly related to human beings due to which it is a human activity.