Question

justify business is a part of economic activity ​

Answer 1

Answer:

Business is conducted to earn a profit. A businessman invests his own capital, takes decisions, and carries out business activities. ... The profit earned is enjoyed by a businessman. So business is a part of economic activity.

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Answer 2

Business is an economic activity as it is done to earn profit.

Explanation:

• Economic activities are those activities by which we can earn our income. Business is an example of an economic activity.

• Business can be defined as an economic activity as it includes the manufacturing and selling of goods and services managed with a aim of earning profit by satisfying human requirements in society.

• Business is undertaken with the motive of earning livelihood and not because of any nostalgic reason like affection, love or sympathy.