what is objective of economic activity
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OBJECTIVES Economic activities are undertaken to produce goods and services so that human wants are satisfied . The human efforts are directed for the welfare of society . All kinds of occupations and professions are undertaken to create wealth and satisfy human needs
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Though the primary objective of a business is making profit, more than one objectives are accepted due to awareness among customers restrictions of state and changing conditions.
The objective of economic activity divided into two parts. 1. Economic 2. Social
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