What kind of activity do airliners and home repairers fall under?
Goods
Service
Both A & B
None of the above
Airliners and home repairers fall under service activity.
When supply of a good or service increases, the equilibrium price of the good or service falls and the equilibrium quantity of the good or service rises.
Which of the following does not characterise a business activity?
(a) Production of goods and services
(b) Presence of risk
(c) Sale or exchange of goods and services
(d) Salary or wages