CBSE Class 11-commerce Answered
Name and explain two characteristics
of business as an economic activity?
Asked by Topperlearning User | 17 Jun, 2016, 05:21: PM
Expert Answer
The characteristics of business as an economic activity are
- Element of risk: Loss occurs because of natural and human cause
- Uncertainty of returns: Even though there is an effective planning, it may lead to loss because of competition and change in demand in the market
Answered by | 17 Jun, 2016, 07:21: PM
CBSE 11-commerce - Business Studies
Asked by Topperlearning User | 17 Jun, 2016, 05:21: PM
ANSWERED BY EXPERTCBSE 11-commerce - Business Studies
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