Justify the following statement.Business is a part of economic activit

1.	Justify the following statement.Business is a part of economic activities.
Answer» 1. Economic activities are those activities which are done with the intention of making money. 2. A person has to earn money for his livelihood. 3. However all economic activities are not same. They can be conducted mainly in three different ways. (a) Employment (b) Profession and (c) Business. 4. Business is conducted to earn profit. 5. businessman invests his own capital, takes decisions and carries out business activities. 6. He also takes risk for carrying business activities. 7. Thus, a businessman is responsible for the business activities. The profit earned is enjoyed by the businessman. So business is a part of economic activity.

Justify the following statement.Business is a part of economic activities.

Answer»

1. Economic activities are those activities which are done with the intention of making money.

2. A person has to earn money for his livelihood.

3. However all economic activities are not same. They can be conducted mainly in three different ways. (a) Employment (b) Profession and (c) Business.

4. Business is conducted to earn profit.

5. businessman invests his own capital, takes decisions and carries out business activities.

6. He also takes risk for carrying business activities.

7. Thus, a businessman is responsible for the business activities. The profit earned is enjoyed by the businessman. So business is a part of economic activity.

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