Business, trade and commerce Business An occupation in which people regularly engaged in activities relating to purchase / production and sale of goods and services with a view to earning profits. Characteristics of business are :- Economic activity. Production or procurement of goods and services. Dealing in goods and services on daily basis . Sale or exchange of goods and services. Profit earning. Uncertainty of return. Element of risk.
Business, trade and commerce Business An occupation in which people regularly engaged in activities relating to purchase / production and sale of goods and services with a view to earning profits. Characteristics of business are :- Economic activity. Production or procurement of goods and services. Dealing in goods and services on daily basis . Sale or exchange of goods and services. Profit earning. Uncertainty of return. Element of risk.