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  • Business & Its Nature: Suman Rathore

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    The document discusses different types of human activities, distinguishing between economic activities aimed at earning a living, such as working in a factory or farming for profit, and non-economic activities aimed at satisfying social, emotional, and psychological needs, such as farming for personal consumption. It defines business as an economic activity focused on the production, processing, sales, and distribution of goods and services to earn a profit, and identifies key features of business as being an economic activity, involving sale, distribution or exchange, dealing in goods and services, operating on a regular basis, earning profit, creating utilities, and possibility of risk.

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    Business Studies 17-02-2012

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    The document discusses different types of human activities, distinguishing between economic activities aimed at earning a living, such as working in a factory or farming for profit, and non-economic activities aimed at satisfying social, emotional, and psychological needs, such as farming for personal consumption. It defines business as an economic activity focused on the production, processing, sales, and distribution of goods and services to earn a profit, and identifies key features of business as being an economic activity, involving sale, distribution or exchange, dealing in goods and services, operating on a regular basis, earning profit, creating utilities, and possibility of risk.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    9 views10 pages

    Business & Its Nature: Suman Rathore

    Uploaded by

    mtnlengineer
    The document discusses different types of human activities, distinguishing between economic activities aimed at earning a living, such as working in a factory or farming for profit, and non-economic activities aimed at satisfying social, emotional, and psychological needs, such as farming for personal consumption. It defines business as an economic activity focused on the production, processing, sales, and distribution of goods and services to earn a profit, and identifies key features of business as being an economic activity, involving sale, distribution or exchange, dealing in goods and services, operating on a regular basis, earning profit, creating utilities, and possibility of risk.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 10

    Business & Its Nature

    Suman Rathore

    Human Activities:

    Human Activities

    Economic Activities

    Non Economic Activities

    ECONOMIC ACTIVITIES
    Activities undertaken by an individual to Earn a living For e.g.- A worker works in a factory

    NON-ECONOMIC ACTIVITIES
    Activities undertaken to satisfy our Social, Emotional & Psychological needs For e.g. -A farmer growing crops for his own consumption

    Economic Activities
    Business Profession Employment

    BUSINESS

    An economic activity concerned with production, processing, sales & distribution of goods and services to earn profit

    PROFESSION
    The rendering of some personal services of specialized nature based on some professional knowledge, education & training

    EMPLOYMENT
    Where a person works under a contract of service or employment in consideration for salary, wages or remuneration

    BUSINESS AND ITS FEATURES


    Economic Activity

    Sale,

    Distribution or Exchange Deals in Goods and Services Regular basis Earning profit Creation of utilities Possibility of risk

    Any Queries ?

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