What is bussiness? Define in 100words
Answer should be According to class XI
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business is an economic activity which involves regular transfer or exchange of goods and services for a price with the object of earning profits and acquring wealth through the satisfaction of human wants. Business is considered as an economic activity as it under taken for the purpose of earning money and livelihood and not for the psychological satisfaction. profits which is earned through business is essential for the survival and growth of the business and it must be earned through legal and fair way with out exploiting the society
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