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  • 2 answers

Lovely Dhawan 7 years, 7 months ago

Yes it is right bcz the businessmen takes risk to earn profit....the businesses where the profit is very little or no profit at all close down very quickly

Syed Khabib 7 years, 7 months ago

Yes ,the given is right because with profit a business cannot run in any market for a long period of time. Profit is one of the main objective of the organisation.
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Lovely Dhawan 7 years, 7 months ago

Business is that economic activity which is done regularly to earn profit through the purchase and saled of goods a d services...

Siddharth Kumar 7 years, 7 months ago

Business -buying and selling of goods and services on regular basis in order to earn profits business is an economic activity involving purchase, manufacturing and selling goods and services with the motive of profit by satisfying human needs in the society Characteristics:- 1. An economic activity 2. Production or procurement 3. Sales and exchange of goods and services for satisfaction 4. Dealing in goods and services on regular basis 5. Profit earning 6. Uncertainty of goods 7. Element of risk
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Lovely Dhawan 7 years, 7 months ago

No extractive industry is a part of primary industry

Piyush Singh 7 years, 7 months ago

Because mining take 's part in extractive industry and extractive indistry is the type of manufacturig industries

Krishan Saini 7 years, 7 months ago

Because mining take's part in Extractive industries, which is a part of PI
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Lovely Dhawan 7 years, 7 months ago

Bcz mining takes part in extractive industry and extractive industry is a part of primary industry
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Lovely Dhawan 7 years, 7 months ago

Bcz it provide services to the people

Aradhya Agarwal 7 years, 7 months ago

It provides services and includded in service sector also it does not produce any good

Shubham Singh Meena 7 years, 7 months ago

Because it provide service rather than goods
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Lovely Dhawan 7 years, 7 months ago

High risk,,,,,primary,secondary,tertiary industry,,,,also genetic,extractive,analytical,synthetic,assembling industry

Lovely Dhawan 7 years, 7 months ago

Industry is that which produces goods and services

Syed Khabib 7 years, 7 months ago

Nice ans Arora g

Rieau Arora 7 years, 7 months ago

Industry refers to that economic activity which undertake the priduction of goods and services. Feature of industry are.. 1.production of things and services. 2.it includes primary,secondary and service industry. 3.it involves maximum risk. 4.large amount of capital required.

Syed Khabib 7 years, 7 months ago

Industry refers to an activity which converts raw materials into finished goods or useful products. Features -- 1.It produce consumer goods or capital goods. 2.It include activities related to production and processing as well as activities related to rearing and reproductionof animals or other living species. 3.It main purpose to create form utility by converting raw materials into useful products. "Industry is a place where raw materials get converted into finished goods "
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Diksha Gattani 7 years, 7 months ago

Insurance is related to business becoz it covers risk...

Rieau Arora 7 years, 7 months ago

The scale of business large or smal at the time of storage and transporting of these goods from one place to another element of risk is always there .for instance damage of goods,theft of goods and other natural calamities can present an element of risk .this problem can be solved by Insurance .insurance company offers many facilities for business.
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Lovely Dhawan 7 years, 7 months ago

E.g for economics:-a cloth shop,a transport company,,,,,,E.g for non economic:-social work, house cleaning

Syed Khabib 7 years, 7 months ago

Economic Activities -Economic activities which are undertaken by people with the main objective or aim of earning money. Ex- production and distribution of goods and services, working in an industry or factory. **Non-Activities -Non activities which are undertaken by people with a motive of getting psychological satisfaction. Ex- charity and donations, social services.

Jay Mahakaal 7 years, 7 months ago

Economic activities are that which is related to money like business and selleng or purchasing goods....and non economic activities will tell u on whats app
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. ? . 7 years, 7 months ago

Formation and closer Liability Sole risk and profit recipent Control No seprate entity Lack of business continuity
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Vinay Kunar 7 years, 7 months ago

because main aim is earning profit in business and increase business enterprise .....
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Lovely Dhawan 7 years, 7 months ago

Yes....it is right....bcz some parts of TV and computer are manufactured by other industries

Lovely Dhawan 7 years, 7 months ago

May be assembling industry
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Kashish Kalra 7 years, 7 months ago

Yes ,kyunki agar hm business m investment hi nhi krenge to hm profit kese earn kr sakte h ,customer ki demands bhi complete nhi kr sakte so investment is also an objective of business.

Lovely Dhawan 7 years, 7 months ago

The only objective of business are :-profit making,creation of customers,innovation etc.

Lovely Dhawan 7 years, 7 months ago

No
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Prerna Rawat 7 years, 7 months ago

Thanls

Amanpreet Sahota 7 years, 7 months ago

when there will be more risk more chances of profitis there so risk is most important component of business
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Ahefaaz Kagdi 7 years, 8 months ago

Profit earning. Dealing with good s and services. Production or exchange of goods and services. Bearning risks.
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Lovely Dhawan 7 years, 8 months ago

There is a lot of risk in every business.It means that there are problems and these can be the source of loss.A little mistake or helplessness in finding a solution to a problem can destroy the whole business.

Tanuja Pandey 7 years, 8 months ago

There is high level of risk in business as future is uncertain and there are many factors that are out of human control. Example : there is a risk of theft, earthquake, fire, change in consumer taste and other natural calamities etc.
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Ayush Sahu 7 years, 8 months ago

if the particular activity is done for money then it is economic and if the particular activity is for satisfaction then it is non economic

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