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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market1 Mark
Question
Explain the term 'business'.
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Answer

Business is derived from the term 'Busy-ness', meaning people are engaged in certain activities. Thus business is, “the state of being busy in making, distributing or providing of any goods or services which other members of the community need".

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