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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
Why business be called an economic activity?
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Answer

Business is done with the motive of earning profit and creating and maximizing wealth. As per the definition of economic activity whenever a person does a work these objectives it can be called an economic activity. Hence, business …….

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