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Why do we considered business an …

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Why do we considered business an economic activity?

Posted by Imran Khan 8 years, 3 months ago

CBSE > Class 11 > Business Studies

2 answers

Durgesh Shukla 8 years, 3 months ago

The main purpose of business is to earn profit.Profit is the lifeline of business.Business carried on only those activities which involve earning profits.Profits is needed for business for its expansion,stability and dealing with future requirements.So it is considered an economic activity.

Swati Kandwal 8 years, 3 months ago

Economic activity means the activity which is run regularly and has a motive to earn profit. Both the Characteristics are found in business that's why it is known as economic activity

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