Govt. Gompany who do social activities for people

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

1. Business 2. Profession 3. Employment

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.’

Yes

1. Business = It is an economic activity which is conducted on regular basis to earn profit through production ; sale of goods and services 2. Profession = It is an economic activity which is conducted on regular basis by a single individual having some special skills and knowledge

Three types of economic activities:

1. 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.
2. 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.
3. 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.

I dfk

C

C

C

Limited partnership

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. 

Wait

Accha apna code bato

Hnnn...ludo talent hai..mere pass?

Lodu talent??

Lodu talent pr ho kya

No, it is not a business activity because it is not done on regular basis.

No

No its not a business activity

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.

Yes i agree with this statement as profit is essential for survival and growth of business.

Profit is the basic motivation for any business, but it has to be tempered with humanity, respect and ethics. The profit motive is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation. However over-remuneration of the profit motive creates profit inefficiency. The profit motive refers to an individual's drive to undertake activities that will yield net economic gain. Because of the profit motive, people are induced to invent, innovate, and take risks that they may not otherwise.

Commerce concerns itself with all those activities that ensure a free and smooth flow of goods and services from producers to consumers.
It consists of trade, and the activities which facilitate trade.
These hindrances have been described below :
1. Hindrance of place: Very often goods are produced at places far away from the points of consumption. Various means of transportation remove this barrier of distance and help to establish a link between the two. Packaging of goods to protect them from damage and pilferage in the course of transit, help remove the hindrance of place and thereby creates place utility.

2. Hindrance of person :The manufacturers and ultimate-consumers of goods are often unknown to each other. They are not always situated at the same place. Therefore, certain people, called traders, are required to bridge the gap between them.

3. Hindrance to Time: Goods are generally produced in anticipation of demand. Therefore, it becomes necessary to store them and make them available as and when the consumers demand them.

Business is defined as an organised economic activity, wherein the exchange of goods and services takes place, for adequate consideration. It includes all those activities whose sole aim is to make available the desired goods and services to the society, in an effective manner. 

The important characteristics of a business:

1. Economic activity:

Business is an economic activity of production and distribution of goods and services. It provides employment opportunities in different sectors like banking, insurance, transport, industries, trade etc. it is an economic activity corned with creation of utilities for the satisfaction of human wants.

2. Buying and Selling:

The basic activity of any business is trading. The business involves buying of raw material, plants and machinery, stationary, property etc. On the other hand, it sells the finished products to the consumers, wholesaler, retailer etc. Business makes available various goods and services to the different sections of the society.

3. Continuous process:

Business is not a single time activity. It is a continuous process of production and distribution of goods and services. A single transaction of trade cannot be termed as a business. A business should be conducted regularly in order to grow and gain regular returns.

4. Profit Motive:

Profit is an indicator of success and failure of business. It is the difference between income and expenses of the business. The primary goal of a business is usually to obtain the highest possible level of profit through the production and sale of goods and services. It is a return on investment. Profit acts as a driving force behind all business activities.

 

Yes

Yes..

Various types of industries are:

1. Primary- Industries which deal with obtaining or offering raw materials which are processed as commodities for the customers. Example: Farming, Fishing
2. Secondary-  Industries which are essentially manufacturing or assembling industries. It receives raw materials from primary industries and processes them to commodities for the customers. Example: Food manufacturing, Textile manufacturing
3. Tertiary- These industries act as a support system to the primary and secondary industries. It is also known as the service industry or the service sector. Example: Banking, Transport.

BUSINESS QUALIFICATION - no minimum qualification is necessary MODE OF ESTABLISHMENT - entrepreneur's decision and other legal formalities if necessary RETURN - profit earned RISK - profit are uncertain and irregular therefore risk is present CODE OF CONDUCT - no code of conduct is prescribed PROFESSION QUALIFICATION - expectise and training in specific field is must MODE OF ESTABLISHMENT - membership of a professional body and certificate of practice RETURN - professional fees RISK - fees is generally certain and regular therefore some risk CODE OF CONDUCT - professional code of conduct is to be followed EMPLOYMENT QUALIFICATION - qualification and training as proscribed by the employer MODE OF ESTABLISHMENT - appointment letter and service agreement RETURN - salary or wages RISK - fixed and regular pay therefore no risk CODE OF CONDUCT - norms of behaviour laid down by the employer are to be followed

Common corporate functions of any enterprise involve the efficient management of organizational resources and entities such as finances, employees, suppliers, customers, partners, and other assets such as equipment, materials, parts, supplies and property.

1. Hindrance of person:

This hindrance refers to the lack of contact between producers and consumers. The producer is faced with the problem of finding the buyers who need the goods he has produced and who are able and willing to buy such goods.

The consumer does not know the source of supply of goods which would satisfy his needs at prices he can afford. Commerce removes this hindrance by means of trade.

Trade provides an organised market where the buyers and sellers can contact each other. It saves both producers and consumers from the time-consum­ing and expensive exercise of locating each other.

2. Hindrance of place:

A major problem faced by producers is to send their goods to distant places without loss through theft, pilferage, damage, etc. Commerce solves this problem by means of transport, packing and insurance.

Modern means of transport carry goods too far-of places quickly and safely. Packing of goods helps to preserve their quality in transit and storage. With the help of packing, businessman can preserve the quality of goods. Thus, transportation and packing are useful commercial activities.

3. Hindrance of time:

In modern industry goods are produced on a large-scale in anticipa­tion of demand. There is usually a time gap between the production and consumption of goods. Therefore, it becomes necessary to store the goods until they are sold.

This problem is solved by warehousing or storage. Warehouses provide suitable storage facilities to protect the goods from fire, rain, pests, etc. Warehousing is, thus, an integral part of commerce.

Profit is the lifeblood of business, without which no business can survive in a competitive market. In fact profit making is the primary objective for which a business unit is brought into existence. Profits must be earned to ensure the survival of business, its growth and expansion over time. No business can earn profits without satisfying customers and other sections of society similarly, business cannot render service without earning profits. Thus, the real objective of business is to earn profit by serving the interests of consumers, employees, investors, Government and the society as a whole.

'Creative Strokes' is an advertisement agency initiated by Rohit, Shagun, and Pratima. They have called a meeting to discuss the below given points: (i) Increase the profit margin by 10% in May.

The environment is the sum total of all the surroundings both natural and man-made. The quality of the environment is fast deteriorating because of the business activities. The smoke, effluents and other wastes released from the indus¬tries pollute the environment and hence affect the health of the people. Therefore, it is essential that we should protect our environment.Role of business in environmental protection :

1. Preventive role : It concentrates on preventing pollution from different activities. This includes :
   (i) Use of CNG vehicles.
   (ii) Recycling of industrial wastes
   (iii) Scientific treatment of emission before their release.
   (iv) Installation of pollution resistant machinery. V/i
2. Curative role : Steps must be taken to rectify the damage caused to the environment:
   (i) Promoting afforestation.
   (ii) Assisting government agencies and other
   NGO’s in cleaning polluted rivers and management of harmful substances.
3. Awareness role:
   (i) Promoting awareness about ecological balance.
   (ii) Creating awareness about various causes and
   effects of environmental pollution.

The various types of industries are as given below:

1. Primary industries : These include all those
   activities which are concerned with the extraction and production of natural resources.
2. Secondary industries : These are concerned with
   using the materials which have already been extracted at the primary stage.
3. Tertiary industries : These are concerned with providing support services to primary and secondary industries as well as activities relating to trade. These industries provide service facilities.