explan the following term
1) Business
2) profession
3) Employment
4)Home trade
5) foreign trade
6) economic activity
7) Non-economic Activity
Answers
Answer:
4)Home trade
Explanation:
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Explanation:
1st) A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
2nd) A profession is an occupation founded upon specialized educational training, the purpose of which is to supply disinterested objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain.
3rd) Employment means the act of being hired or employed by a company or employer.
4th) Domestic trade, different from international trade, is the exchange of domestic goods within the boundaries of a country.
5th) International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.
6th) An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.
7th) Non-economic activity is an activity performed with the purpose of rendering services to others without any consideration to financial gain.