Q21 ‘‘Business is an economic activity.’’ Do you agree? Provide reasons in support of your claim? ​

Business Studies Secondary School in Business Studies 1 year ago

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To sell goods or SERVICES for profit: Economic activities are those activities which are undertaken to generate an income. BUSINESS is an economic activity because it is carried out as a means of earning MONEY. Businessman make money by producing and selling commodities which help to satisfy human wants.Business is considered an economic activity because it is concerned with production, PURCHASE, sale or distribution of goods and Services with an AIM of earning profit

Posted on 15 Jul 2024, this text provides information on Business Studies related to Secondary School in Business Studies. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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