Question

Is business an economic activity?

• A. Yes. Business is a non-economic activity carried on by a few or more individuals to produce, sell goods and services that satisfy human needs and help in earning income.
• B. Yes. Business is an economic activity carried on by a few or more individuals to produce, buy, or sell goods and services that satisfy human needs and help in earning income.
• C. No. Business is an economic activity carried by only a few to produce or sell goods and services that satisfy human needs and help in earning income.
  
• D. No. Business is a non-economic activity carried by only a few to produce or sell goods and services that satisfy human needs and help in earning income.

Answer 1

The correct option is B Yes. Business is an economic activity carried on by a few or more individuals to produce, buy, or sell goods and services that satisfy human needs and help in earning income.

Yes. Business is an economic activity carried on by a few or more individuals to produce, buy, or sell goods and services that satisfy human needs and help in earning income.