5. TYPES OF ECONOMIC
ACTIVITIES
BUSINESS
“It refers to any economic
Activities in which people
Engage into earn prfit”.
6. PROFESSION
“It refers to an occupation which requires
specialized knowledge,skill and training and the
use of this skill is not meant for self satisfaction but
for the larger interest of the society”.
7. EMPLOYMENT
“It refers to that type of
economic activity in which
people engage in some work
for others to get a salary in
return”.