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Ask QuestionPosted by Srihari Balaji 5 years, 5 months ago
- 1 answers
Posted by Srihari Balaji 5 years, 5 months ago
- 1 answers
Yogita Ingle 5 years, 5 months ago
Consumption of goods and services, production and distribution are known as economic activities. The main aim for economic activities is production of goods and making sure that it reaches the end consumer.
Therefore business is considered an economic activity because it ensures production, sale, distribution of goods and services in order to satisfy consumer wants, with the purpose of making good profits.
An example of an economic activity within a business is a business distributing and delivering its products to the store.
Posted by Khushi Agarwal 5 years, 5 months ago
- 1 answers
Yogita Ingle 5 years, 5 months ago
1. Audit and Accounting
Normal budgeting, accounting and audit procedures are applicable to departmental undertakings just like government departments.
2. Managed by Civil Servants
The departmental undertakings are managed by the civil servants, who are subject to the same services condition as applicable to civil servants of the government.
3. Sovereign Immunity
Without the consent of the government, a departmental undertaking cannot be sued at all.
Posted by Palak Ojha 5 years, 5 months ago
- 2 answers
Yogita Ingle 5 years, 5 months ago
Services are essentially intangible activities which are separately identifiable and provide
satisfaction of wants. We cannot kept it-in stock. Their purchase does not result in the ownership of anything physical. Services involve an interaction to he realised between the service provider and the consumer.
Goods are physical products capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. Goods also refer to commodities or items of all types, except ,
services, involved in trade or commerce.
Posted by Amrinder Waraich 5 years, 5 months ago
- 1 answers
Gaurav Seth 5 years, 5 months ago
Profit is the primary motivating force for an economic activity, reasons for the same are:
1. It is essential for survival and growth of business.
2. It measures the efficiency and the progress of a business.
3.It measures the worth of an owner's investment.
4.It act as a means of self financing, it helps to attract capital from outside.
5. It increases credit worthiness of business.
6.It is the reward for taking risk, it motivates people to start or invest in a business.
Posted by Randhawa Noob 4 years, 6 months ago
- 1 answers
Sia ? 4 years, 6 months ago
Global Depository Receipt (GDR) and American Depository Receipt (ADR).
Posted by P Singh 5 years, 5 months ago
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Tridev Dutta 5 years, 5 months ago
Techno Dude 5 years, 5 months ago
Posted by Vansh Thakral 5 years, 5 months ago
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Posted by Muskan Gupta 5 years, 5 months ago
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Gaurav Seth 5 years, 5 months ago
Warehousing: It means godowns facilities. There is generally a time lag between the production and consumption of goods. This problem can be solved by storing the goods in warehouses.
Innovation: It means developing new products and their multiple uses. Old customers can be maintained and new can be attracted by innovation only.
Posted by Savita Chhanwal 5 years, 5 months ago
- 1 answers
Gaurav Seth 5 years, 5 months ago
any person born into the family (boy or girl) up to the next coming three generations is a part of the HUF. These members are the co-parceners. The head of such a Joint Family Business is the eldest member of the family, the “Karta”.
Posted by Savita Chhanwal 5 years, 5 months ago
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Sahil Saharan 5 years, 5 months ago
Posted by Kirti Chhabra 5 years, 5 months ago
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Posted by Megha Sharma 5 years, 5 months ago
- 1 answers
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Ye ringlight to bahot sahi cheez hai..yaar???ek taraf se..dekha jaaye..to tik tokers ko star banane me.....iska...bada yogdaan hai.........ringlight??✌️Posted by Dhruv .. 5 years, 3 months ago
- 2 answers
Dhruv .. 5 years, 5 months ago
Posted by Dhruv .. 5 years, 3 months ago
- 3 answers
꧁༺★ṖŕīᑎƇɛ {Ƭĥɛ Ŀ❤Ѵɛ Ɠʊŕʊ}★༺꧂ ?? 5 years, 5 months ago
Posted by Sachin Khokhar 5 years, 5 months ago
- 1 answers
Gaurav Seth 5 years, 5 months ago
The business consists of a number of components. These components and parts build the structure of a business. Thus, the structure of a business refers to the components and parts of the business comprising different classes of activities that are performed. Business activities can be broadly classified into the following three categories:
- Industry
- Commerce
- Services Enterprises
Posted by Ayush Awasthi 5 years, 5 months ago
- 0 answers
Posted by Ayush Awasthi 5 years, 5 months ago
- 2 answers
Meghna Thapar 5 years, 5 months ago
Activities which are undertaken to satisfy social, religious cultural and sentimental requirements are called non-economic activities. A mother cooking for her family is an example of non-economic activities.
Some Popular Variations of Non-Economic Activities may be:
- (i) Leisure-Time Activities
- (ii) Family-Obligation Activities
- (iii) Religious and Cultural Activities
- (iv) Social Welfare Activities
Posted by Ayush Awasthi 5 years, 5 months ago
- 2 answers
Meghna Thapar 5 years, 5 months ago
Economists say there are four basic types of economic activities:
- The Primary Sector, i.e., raw materials.
- The Secondary Sector, which includes industry and manufacturing.
- The Tertiary Sector, i.e., services.
- The Quaternary Sector, which we also call the ‘knowledge sector.’
Posted by Garv Sharma 5 years, 5 months ago
- 1 answers
Posted by Satish Yadav 5 years, 5 months ago
- 3 answers
Sahil Saharan 5 years, 5 months ago
Yogita Ingle 5 years, 5 months ago
Three types of economic activities:
- Business: Business refers to activities which are concerned with production, purchase, sale and supply of goods on a regular basis with a motive to earn profit. Examples: Factories, malls etc.
- Profession: Profession refers to an occupation wherein individuals with specialised knowledge and qualification provide personalised and expert services to people to earn a living (by charging professional fees for their services). Examples: Medical practitioners, practising chartered accountants etc.
- Employment: Employment refers to an activity in which individuals hired by organisations work regularly and receive remuneration (salary or wages) for their services in return. Example: Jobs in multinational companies, banks etc.
Posted by S. K 5 years, 5 months ago
- 1 answers
Posted by Damyanti Tyagi 5 years, 5 months ago
- 0 answers
Posted by Shivani Chauhan 5 years, 6 months ago
- 1 answers
Yogita Ingle 5 years, 6 months ago
Industries can be classified under the following types:-
1. Primary Industry: Primary industry includes all those activities, which are connected with the extraction and production from natural resources as well as reproduction and development of living organisms, plants. These industries may be further sub-divided as follows:
(I) Extractive Industries: These industries extract or draw out products from natural sources. Extractive industries supply some basic raw-material that are mostly the products of the soil. Products of these industries are usually transformed into many other useful goods by manufacturing industries. e.g Mining etc.
(ii) Genetic Industries: The industries remain engaged in breeding plants and animals for their use in further reproduction. For the breeding of plants, the seeds and nursery companies are typical example of genetic industries.
2. Secondary Industries: Secondary industries are concerned with using the materials, which have already been extracted at the primary stage. These industries process such materials to produce goods for final consumption or for further processing by other industrial units. Secondary industries may be further divided as follows :
(I) Manufacturing Industries: These industries are engaged in producing goods through the processing of raw materials and thus creating for utilities. Manufacturing industries may be further divided into four categories on the basis of method of operation for production :
(a) Analytical industry: Analytical industry which analyses and separates different elements from the same materials, as in the case of a oil refinery.
(b) Synthetic industry It combines various ingredients into a new products, as in the case of cement industry.
Posted by Neha Prajapati 5 years, 6 months ago
- 0 answers
Posted by Dhruv .. 5 years, 3 months ago
- 5 answers
Posted by Neha Prajapati 5 years, 6 months ago
- 4 answers
Divyaang Gupta 5 years, 6 months ago
Yogita Ingle 5 years, 6 months ago
From the definition of the term business activity. It is refers to as any activity done in order to exchange goods or service from an individual to the next with an aim of making profit.
From the question the wife exchanges clothes for utensils but we are not told that she makes any profit this may not be considered as a business activity because it has got no aim of making profit.
Posted by Jitu Shah 5 years, 6 months ago
- 1 answers
Ishu Sharma 5 years, 6 months ago
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Yogita Ingle 5 years, 5 months ago
Consumption of goods and services, production and distribution are known as economic activities. The main aim for economic activities is production of goods and making sure that it reaches the end consumer.
Therefore business is considered an economic activity because it ensures production, sale, distribution of goods and services in order to satisfy consumer wants, with the purpose of making good profits.
An example of an economic activity within a business is a business distributing and delivering its products to the store.
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