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Business Studies

Concept of Business

What kind of ...

Question

What kind of activity is performed: A property dealer selling real estates to people.

A

Economic activity

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B

Non- economic activity

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C

Both A & B

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D

None of the above

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Solution

The correct option is A
Economic activity

An economic activity is where a property dealer is selling real estates to people.

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Similar questions

Q. What is the basis of differentiating between economic and non.economic activities? Classify the following activities as economic or non-economic:
(a) A property dealer selling house for commission
(b) A housewife doing household work at home
(c) A teacher teaching in the school
(d) A person offering prayer in the church.

Q. What kind of activity falls under economic activity?

Q. State whether the following statements are True or False:
(a) Taking photographs of mountains as a hobby is an economic activity.
(b) Teaching in a school is a non-economic activity.
(c) Service or employment is an economic activity.
(d) Business involves buying and selling of goods and services.
(e) Running a hair-cutting saloon is a business.
(f) Occupations of doctors, lawyers and chartered accountants are called professions.
(g) Economic activities are undertaken for earning a living

Distinguish between economic activities and non-economic activities.

Q. How would you distinguish between economic activity and non-economic activity? Draw a list of economic and non-economic activities of your family members. Give logical reasoning in support of your answer.

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