Class 9 Exam > Class 9 Questions > An activity performed for profit or for servi...
Start Learning for Free
An activity performed for profit or for services provided can be termed as:
- a)Formal activity
- b)Market activity
- c)Professional activity
- d)Non-market activity
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
An activity performed for profit or for services provided can be terme...
Activity performed for pay or profit is called Market activity. These include production of goods or services including government service.
Most Upvoted Answer
An activity performed for profit or for services provided can be terme...
Market Activity:
Market activity refers to an activity performed for profit or for services provided in exchange for compensation. This type of activity involves the buying and selling of goods or services in a market setting.
Explanation:
- Market activity is driven by the principles of supply and demand, where businesses or individuals offer products or services to customers in exchange for money.
- The main goal of market activity is to generate revenue and make a profit by meeting the needs and wants of consumers.
- Examples of market activities include selling products in a store, providing services like consulting or landscaping, or trading stocks and bonds in financial markets.
- Market activity is essential for the functioning of the economy as it creates jobs, stimulates competition, and drives innovation in various industries.
Significance:
- Market activity plays a crucial role in the economy by facilitating the exchange of goods and services between producers and consumers.
- It helps allocate resources efficiently by matching supply with demand and determining the prices of goods and services.
- Market activity also contributes to economic growth and development by promoting investment, productivity, and entrepreneurship.
- Overall, market activity is an essential aspect of modern economies and plays a significant role in shaping the way businesses and individuals interact in the marketplace.
Attention Class 9 Students!
To make sure you are not studying endlessly, EduRev has designed Class 9 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 9.
|
Explore Courses for Class 9 exam
|
|
Similar Class 9 Doubts
Top Courses for Class 9View all
An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer?
Question Description
An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer?.
An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer?.
Solutions for An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 9.
Download more important topics, notes, lectures and mock test series for Class 9 Exam by signing up for free.
Here you can find the meaning of An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice An activity performed for profit or for services provided can be termed as:a)Formal activityb)Market activityc)Professional activityd)Non-market activityCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 9 tests.
|
|
Explore Courses for Class 9 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup