Define business and explain its features.
Answers
Answered by
52
Hello!!!!
Business refers to an economic activity conducted for making profit.
Its features are given below--
●It helps to enhance standard of people.
●It develops personal capacity of an individual.
●It opens door to earn fireign currency by exporting goods and services
●It creates employment opportunities for economic prosperity.
Hope It Helps!!!
Business refers to an economic activity conducted for making profit.
Its features are given below--
●It helps to enhance standard of people.
●It develops personal capacity of an individual.
●It opens door to earn fireign currency by exporting goods and services
●It creates employment opportunities for economic prosperity.
Hope It Helps!!!
Answered by
55
Heya user!
Business Refers to that economic activity which is conducted on regular basis to earn profit through the production and sale of goods and services .
Feature of Business ✨✨
>An Economic activity: Business include only economic activities . Economic activities mean the exchange of goods and services with the purpose of earning money .
>Regularity in Dealing: In reality business is that economic activity which is done regularly ,purchase sale should be regularly done .
>Profit motive: In order to consider any purchase sale as business it is eventually that the purpose of the person concerned to is to earn profit .
Business Refers to that economic activity which is conducted on regular basis to earn profit through the production and sale of goods and services .
Feature of Business ✨✨
>An Economic activity: Business include only economic activities . Economic activities mean the exchange of goods and services with the purpose of earning money .
>Regularity in Dealing: In reality business is that economic activity which is done regularly ,purchase sale should be regularly done .
>Profit motive: In order to consider any purchase sale as business it is eventually that the purpose of the person concerned to is to earn profit .
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