Introduction
The chapter "BUSINESS, TRADE AND COMMERCE" dives into the world of commerce, explaining its historical roots and how it functions today. It starts by exploring the development of trade and commerce, including the role of indigenous banking systems.
Then, the chapter focuses on business itself. It defines what a business is and its main objectives, along with the different types of industries that make up the business world.
Commerce is also a key concept covered in the chapter. It explains the various activities involved in commerce, which goes beyond just buying and selling. This includes activities that facilitate trade, like transportation and banking.
Understanding risk is crucial for any business, so the chapter explores the nature of business risks and what causes them. Finally, it wraps up by providing some basic factors to consider when starting a business venture.
LEARNING OBJECTIVES
- i. Appreciates the contribution of business activities in the growth and
- development of an economy;
- ii. Discusses the concept and objectives of business;
- iii. Categorises business activities into occupation, profession, and
- employment
- iv. Classifies industry in different types;
- v. Explains Risk and Profit as a reward of Risk; and
- vi. Enumerates factors for starting a business.
Chapter Weightage - 07 Score
Chapter Weightage - 07 Score
Study Notes - English
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Malayalam Notes
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English & Malayalam Combo
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