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Nature, Purpose and scope of Business — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMNature, Purpose and scope of Business2 Marks
Question
“ Economic activities keep trade and commerce live. “ Discuss.
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Answer

  • Economic activities are performed as employment, Business or profession. the term “ business “ has wider meaning includes trade + support service.
  • such as bank, godown, insurance. transport, communication, agent etc. It includes activities related to production and distribution.
  • Due to all these economic activities trade and Commerce have remained live.

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