Nature, Purpose and scope of Business — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMNature, Purpose and scope of Business1 Mark
Question
Why business be called economic activity?
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Answer
Any activity done for the sake of financial reward is economic activity. It is done with a view to gaining profit and wealth, same times loss occurs in business yet is called economic activity because it is done with the intention of gaining profit.
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