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Bhoomika moves from one place to another selling vegetables. She earns from the work and meets her daily requirements . She saved money and opened a shop where she sold vegetables and also provided home delivery service . (1) Identify type of economy activity she is involved it. (2) State any two features of the activity identified in (1)above?
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Bhoomika moves from one place to another selling vegetables. She earns...
Type of Economic Activity

Bhoomika is involved in the economic activity of entrepreneurship.

Features of Entrepreneurship

1. Innovation: As an entrepreneur, Bhoomika brought innovation to the traditional practice of selling vegetables by opening a shop and providing home delivery services. She identified a gap in the market and provided a solution to meet the needs of her customers.

2. Risk-taking: Bhoomika took a risk by investing her savings into starting her own business. She faced the uncertainty of the market and the possibility of not making a profit. However, her risk paid off as her business grew and became successful.

Explanation

Entrepreneurship is a type of economic activity where individuals create, organize, and manage their own businesses. It involves bringing innovation to the market, taking risks, and creating opportunities for economic growth.

Bhoomika exhibited the features of entrepreneurship by identifying a gap in the market and providing a solution to meet the needs of her customers. She took a risk by investing her savings into her business, which paid off as her business grew and became successful.

In conclusion, Bhoomika's entrepreneurship activity contributed to the growth of the economy by creating employment opportunities and meeting the needs of her customers.
Community Answer
Bhoomika moves from one place to another selling vegetables. She earns...
It is an sole proprietor
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Bhoomika moves from one place to another selling vegetables. She earns from the work and meets her daily requirements . She saved money and opened a shop where she sold vegetables and also provided home delivery service . (1) Identify type of economy activity she is involved it. (2) State any two features of the activity identified in (1)above?
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Bhoomika moves from one place to another selling vegetables. She earns from the work and meets her daily requirements . She saved money and opened a shop where she sold vegetables and also provided home delivery service . (1) Identify type of economy activity she is involved it. (2) State any two features of the activity identified in (1)above? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Bhoomika moves from one place to another selling vegetables. She earns from the work and meets her daily requirements . She saved money and opened a shop where she sold vegetables and also provided home delivery service . (1) Identify type of economy activity she is involved it. (2) State any two features of the activity identified in (1)above? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bhoomika moves from one place to another selling vegetables. She earns from the work and meets her daily requirements . She saved money and opened a shop where she sold vegetables and also provided home delivery service . (1) Identify type of economy activity she is involved it. (2) State any two features of the activity identified in (1)above?.
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