1
Nature and Purpose of Business
LEARNING OBJECTIVES
After studying this chapter, you should be able to know —
- Meaning of Human Activities
- Meaning of Economic Activities
- Types of Economic Activities or Occupations
- Meaning of Non-Economic Activities
- Distinction between Economic Activities and Non-Economic Activities
- Concept & Characteristics of Business
- Business as an Economic Entity
- Distinction Between Business, Profession and Employment
- Interrelation between Business, Profession and Employment
- Objectives of Business – Economic, Social, Human, National
- Role of Profit in Business
MEANING OF HUMAN ACTIVITIES
Activities which human beings undertake are known as human activities. Some of these activities are undertaken to earn money but others ...
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