Commercial and Non Commercial Activities

Which of the following is not an economic activity?

• A doctor practicing

• A lawyer practicing law

• A professional cricketer playing cricket

• A student playing cricket

Which of the following is an employment?

• A teacher teaching in a school

• A charted accountant working in a company

• a vendor selling vegetables door to door

• A charted accountant working as an external auditor

Human activity is broadly divided into two categories. They are:

• Employment

• Commercial activities

• Profession

• Non commercial activities

The main objective of economic activity is to

• work in an NGO

• help poor

• create wealth

• earn profit

Economic activities are also called

Activities which are undertaken to satisfy social, religious, cultural and sentimental requirements are called

All organisations which carry on business activities are called

• business enterprises

• employment

• profession

• non economic activity

____________ is the reward of a businessman.

_____________ is the reward of a professional.

reward in a case of employment is _________