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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?
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.
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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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