Question

Explain the meaning and characteristics of Business? answer in 4 Mark question. ​

Answer 1

MEANING:-

Business is an occupation in which people engage regularly in economic activities related to production or purchase of goods and services and then sell of goods and services with the view to earn profit.

CHARACTERISTICS:-

(1)- Economic Activity.

(2)-Done on regular basis.

(3)-Earning profit.

(4)-Production or purchase of goods and services.

(5)-Sale of goods and services.

I hope this will help you friend.