Question

History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy. To acquaint the History of Trade and Commerce in India Business – meaning and characteristics Understand the meaning of
business with special reference to economic and non-economic
activities.

Discuss the characteristics of
business.

Business, profession and employment concept
Understand the concept of business, profession and
employment.
Differentiate between business,
profession and employment.







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Answer 1

Answer:

Explanation:

Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain.