Lesson No- 1Nature and purpose of Business

learning objectives:
- Introduction: Meaning of human activities
- Economic Activites- Meaning, types
- Difference between Business, Profession and Employment
- Non-economic Activities- Meaning, Types
- Difference between Economic and Non-economic Activities
- Concept and characteristics of Business
- Business as an economic activity
- Objectives of Business- Economic, Social, Individual
- Role of profit
- Classification of Business activities- Industry, Commerce
- Industry- meaning, types
- commerce- Trade, Auxiliaries to trade
Nature and purpose of business
1
Human activities (day 1)
2
Nature and objective of business, Business as an economic activity
3
Role of profit & classification of Business activities
4
Function & classification of commerce
5
Causes & Types of Business risk
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