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Questions and Answers
What is the difference between industries and trade in business activities?
Industries are related to the production of goods and services, while trade is related to the distribution of products and services.
Define non-business activities in the context of business.
Non-business activities are events done without the intention of earning a profit.
Give an example of a non-business activity.
Farming vegetables for personal use.
Contrast a non-business activity with a business activity.
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How can business activities be categorized?
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