Piyush cooks food at his home for his family whereas Rishab cooks food and sells it to others in restaurant. Who is engaged in business activity?

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Solution

A business activity is when goods and services are produced for the purpose of buying and selling in the market. In the given scenario, Piyush cooks for the consumption of his family but Rishab cooks food and sells it others in restaurant. This follows the criteria of a business activity.

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