Question

Beena decided to become financially independent after completing her education and discussed her future plans with her friend Ria. Ria told her that the amount of capital investment required and the degree of risk to be assumed by Beena will depend upon the scale of operation. Identify the type of economic activity that Beena wants to pursue​

Answer 1

Answer:

it is a business activity

Explanation:

because business require capital investment and there is a degree of risk available in business.. which is not there in employment or profession

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Answer 2

The type of Economic Activity that Beena wants to pursue is Business.

Explanation:

There are many economic activities like Profession, Employment, Business etc. But the identified Activity here is Business. This is because of the following reasons:

1. It requires capital investment: Out of the three economic Activities, profession and business require capital investment, but business' investment depends on he scale of operation whereas in profession it does not.
2. It has a risk factor: Business risk is a inseparable element that can not be eliminated in any business. Further, it depends on the scale of operation- larger the business, more is the risk.

Hence, the type of economic activity is business.