Explain why business is considered as an economic activity?

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Business is considered an economic activity because it has the following features:

1. Profit Motive: Business means production, purchase and sale of goods with profit motive. Earning profit for satisfying needs make the business an economic activity.

2. Business activities require use of scarce resources: To run business concern the owner must have adequate capital, raw materials, skilled workers. Business requires sufficient funds to be invested in it. All these activities involve monetary transactions. So business is an economic activity.

3. Satisfying human wants: Business is a source of income for businessmen and their families Business can, therefore, be regarded as an economic activity not only as a means of earning income by businessmen but also as a means of satisfying the wants of people.

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In business goods are sell and buy in large amount and lot  of quantity and earn money that economy is strong .......

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Bcoz here we buy or sell the good and service for profit motive

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Business is considered an economic activity because it is concerned with production, purchase, sale or distribution of goods and Services with an aim of earning profit.

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Business is considered as an economic activity because it earns profit ...... the activity which earns money( profit) are called economic activity....

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Business  is considered as an economic activity because it is undertaken with the object of earning money or livelihood and not because of love, affection, sympathy or any other sentimental reason.

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Because when we are starts a business then we know that we just gain large amount of profit. so, when we starts this we gains  profit of money in this way business is an economic activity

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Any activity which involve money / profit is known as economic activity so business is for earning money or profit so it is an economic activity

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Economic activity is that activity whose objective is to earn money or to earn profit. So, business is considered as an economic activity because main objective of business is to earn profit.

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Business is considered as an economic activity because it earns 'profit'. The activity which is done for earning profit is called economic activity.

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Business  is considered  as an economic activity  because :Main motive profit Done on regular basis

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Through business wo can earn money.. Or business is the source of business

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As to say BUSINESS  it helps economic  in the form  of GDP growth  of country

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Economic activity are those activities which undertaken to earn living.... so in business...selling, buying of goods and services  ...it is also undertaken to earn living.... in the form of profit...

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Because it's main motive is to earn profits l

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Because in this exchange of goods and services take place with the purpose of earning money

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Buying and selling is a part of the business and the profit or loss and also.
business is selling of products

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Motive of business is to earn profit.

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Plzz answer fast

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Business is a economic activity because it is done with a motive to earn money (profit)

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Because the main motive of business is to earn money not to get mental satisfaction

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Business as an Economic Activity

Business is considered as an economic activity because it involves the production, distribution, and consumption of goods and services, which are essential components of any economy. It plays a crucial role in generating income, creating employment opportunities, and contributing to the overall growth and development of a country's economy.

1. Production:
Businesses engage in the production of goods and services to meet the needs and wants of consumers. They transform raw materials, labor, and capital into finished products or services that can be sold in the market. This production process contributes to the economic output of a nation.

2. Distribution:
Businesses are responsible for the distribution of goods and services from producers to consumers. They establish supply chains, logistics networks, and distribution channels to ensure that products reach the intended markets efficiently. This distribution function facilitates the flow of goods and services within the economy.

3. Employment:
Businesses create employment opportunities by hiring workers to carry out various tasks and responsibilities. This not only provides individuals with a source of income but also contributes to the overall labor force participation rate. Employment generated by businesses is vital for economic growth and reducing unemployment rates.

4. Income Generation:
Businesses generate income through the sale of goods and services. This income is derived from the revenue earned by selling products and deducting the costs incurred in the production process. It includes wages for employees, profits for business owners, and taxes paid to the government. The income generated by businesses contributes to the overall economic wealth of a nation.

5. Economic Growth:
Businesses play a key role in driving economic growth. As businesses expand, they invest in new technologies, machinery, and infrastructure, which leads to increased productivity and efficiency. This, in turn, stimulates economic growth by increasing the overall output and improving the standard of living.

Conclusion:
Business is considered an economic activity due to its involvement in production, distribution, employment generation, income generation, and contribution to economic growth. It is an integral part of any economy and plays a vital role in ensuring the efficient allocation of resources, generating wealth, and improving the overall well-being of individuals and society as a whole.

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Business is charged as an economic activity bcoz it earns profit..And,the activity which earn money ..are known as economic activity..

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Economic activity refers to those activities which are undertaken to earn a living.

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Business is considered as an economic activity because it is related to money transations.(monetory)..

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Because it is carried out for the purpose of profit and not for social welfare.bu selling anything it giives monetary in returned as sales and exchange

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Business is considered an economic activity because it concerned with the production, exchange of goods or services and manufacturing of goods and the services on daily basis for earning money
,so it is called the economic activity. because in business we earn the money for their livelihood

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Because in business we are making money and all activities which come under money making process is known as economic activities.

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Economic activity refers to those activity which is related to money thus Business is considered an economic activity bcs In business we record only monetary transaction.

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Why is business considered aneconomic activity? Business is considered an economic activitybecause it is concerned with production, purchase, sale or distribution of goods and Services with an aim of earning profit.

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