If a person sells his domestic computer at a profit.Will it be considered a business?Also explain the characteristics of business which is being stressed upon the above said example.
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No!!!!
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No, It will not be considered as a business activity because business is not something which is done occasionally instead business is an economic activity which we do on a regular basis. Characteristic: Business is a Regular Activity. It is termed as a business when a person sells a domestic computer on profit.
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