Class 9 Exam > Class 9 Questions > An activity performed for profit or for servi...
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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?
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.
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Community 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.
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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?
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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 2025 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 2025 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 2025 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 2025 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?.
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