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Human Activities

Business . Human Activities . Economic . Non Economic . Features . Objectives. Difference Between Business, Profession and Employment . Characteristics . Activities. Causes . Business Risk . Industry . Commerce . Primary . Trade . Secondary . Aids to trade .

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Human Activities

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  1. Business Human Activities Economic Non Economic Features Objectives Difference Between Business, Profession and Employment Characteristics Activities Causes Business Risk Industry Commerce Primary Trade Secondary Aids to trade Basic factors while starting a business Tertiary

  2. Activities undertaken by humans to satisfy their needs are called human activities.

  3. They are those activities by which we can earn our livelihood.

  4. They are performed out of love, sympathy, sentiments, patriotism, etc.

  5. Business refers to an occupation in which people regularly engage in activities related to purchase, and/or sale of goods and services with a view to earning profits .

  6. An economic activity. • Production or procurement of goods and services. • Sale or exchange of goods and services. • Dealings in goods and services on a regular basis. • Profit earning. • Element of risk.

  7. All business activities which are concerned with the extraction of natural resources and reproduction of plants and animals are known as primary industries. Genetic Industries Extractive Industries

  8. These industries process materials which have already been obtained at the primary stage. Manufacturing Industries Construction Industries

  9. The activities which provide services to primary and secondary industries as well as to trade are known as tertiary industries. Transportation Banking Advertising

  10. Trade means buying and selling of goods. Home trade Wholesale Trade Retail Trade Foreign Trade Import Export Entrepot

  11. Activities which assist or support trade are known as aids to trade. Transportation Warehousing Advertising Insurance Banking

  12. Business risk is the danger of loss due to some unforeseeable, unpredictable and unpredictable event in future.

  13. Profit is the reward for bearing risk Uncertainty Variability Difficult to measure Essential element of business

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