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Define business. - Business Studies

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Question

Define business.

Definition

Solution

Business refers to an economic activity that basically involves trading of goods and services on a regular basis. The sole motive with which a business is conducted is profit.

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Concept of Business
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Chapter 1: Business, Trade and Commerce - Long Answer Questions [Page 26]

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NCERT Business Studies [English] Class 11
Chapter 1 Business, Trade and Commerce
Long Answer Questions | Q 2.1 | Page 26
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