The term business is derived from the word 'busy'.Thus, business means meaning busy. However, in specific sense,business refers to an occupation in which people regularly and get in activities related to purchase, Production and/or sale of goods and service with a view to earn profits. The activity mein consists of production or purchase of goods for sales,or exchange of goods or supply of services to satisfy the needs of other people.
in every society people undertake various activitie to satisfy their needs this activity may be broadly classified into two groups economics and non economics. Economic activitie are those by which we can earn our livehood whereas non-economic activities are those performed out of Love, Sympathy,Mentimeter,Patriotism,etc. For example, a worker working in a factory, it doctor operating in his clinic🤕, a manager working in the office and a teacher teaching in a school--are doing so to earn their livelihood and are therefore engaged in an economic activity.on the other hand a housewife cooking food for their family or a boy helping and old man cross the road are performing non economic activities. Since they are doing so out of love or Sympathy. Economic activity may be further divided into three categories namely business profession and employment. business may be defined as an economic activity involving the production and sale of goods and service undertaken with a motive of earning profit by satisfy women needs in society.
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