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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.
Why do people engage in different business activities?
People engage in business activities to generate income or make a profit.
What distinguishes non-business activities from business activities?
Non-business activities are done without the intention of earning a profit.
Can you provide an example of a non-business activity?
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Give an example of a business activity.
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