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Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesBusiness, Trade and Commmerce3 Marks
Question
Why is business considered as economic activity?
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Answer

Business may be defined as an economic activity involving the production and sale of goods and services undertaken witn a motive of earning profit by satisfying human needs in society Business is considered to be an economic activity because it is undertaken with the aim of earning money or livelihood and not because of any sentimental reason like love, affection or sympathy.

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