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Business Studies

Concept of Business

Raj Pal is a ...

Question

Raj Pal is a hardworking man, he is putting a lot of efforts in his new startup company. What kind of economic activity is he following?

A

Business

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B

Profession

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C

Employment

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D

None of the above

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Solution

The correct option is A
Business

Raj Pal is a businessman. The economic activity that he is following is business. Business refers to those economic activities, which are connected with the production or purchase and sales of goods or supply of services with the objective of making profits.

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