Podcast
Questions and Answers
Define the concept of commerce and business.
Define the concept of commerce and business.
Commerce and business refer to the activities involved in the production, exchange, and distribution of goods and services for profit.
What are the different types of economic activities?
What are the different types of economic activities?
The different types of economic activities include business, profession, and employment.
What is the role of profit in business?
What is the role of profit in business?
Profit is the main objective of business, as it ensures the sustainability and growth of the organization.
Differentiate between industry and commerce.
Differentiate between industry and commerce.
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Explain the difference between economic and non-economic activities.
Explain the difference between economic and non-economic activities.
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True or false: Economic activities include both business and profession.
True or false: Economic activities include both business and profession.
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True or false: Employment is a type of economic activity.
True or false: Employment is a type of economic activity.
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True or false: Non-economic activities are performed without any motive of earning money.
True or false: Non-economic activities are performed without any motive of earning money.
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True or false: Industry is a type of business activity.
True or false: Industry is a type of business activity.
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True or false: Commerce includes activities related to buying and selling of goods and services.
True or false: Commerce includes activities related to buying and selling of goods and services.
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