Question

Introduction for business for accounts project in class 11

Answer 1

Question:-

Introduction for business for accounts project in class 11

ANSWER:-

◆ All the human being, whatever they are, are required to perform some or the other activity to satisfy their needs.

◆ They pursue different occupations to earn a livelihood and to get some psychological satisfaction.

◆ Activities which human beings undertake are known as human activities.

◆ Human activities can be classified into two categories:-

1. Economic Activities

2. Non Economic Activities

ECONOMIC ACTIVITIES:-

The activities which are undertaken by people with the object of earning money are known as economic activities.

Example - Production of goods in factory, distribution of goods by a wholesaler and retailer and etc.

NON ECONOMIC ACTIVITIES:-

The activities which are undertaken by individual with the motive of getting psychological satisfaction are known as non economic activities.

Example - My mom is making the food, She is going to the temple and etc.

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