Lesson No- 1Nature and purpose of Business

learning objectives:

1. Introduction: Meaning of human activities
2. Economic Activites- Meaning, types
3. Difference between Business, Profession and Employment
4. Non-economic Activities- Meaning, Types
5. Difference between Economic and Non-economic Activities
6. Concept and characteristics of Business
7. Business as an economic activity
8. Objectives of Business- Economic, Social, Individual
9. Role of profit
10. Classification of Business activities- Industry, Commerce
11. Industry- meaning, types
12. commerce- Trade, Auxiliaries to trade