ISC 2024 Class12th Date Sheet
Explain the nature of commercial activities.
1.Economic motive=Economic activity or undertaken to earn money and acquire wealth. The main motive behind this activity is to make an economic gain. These activities are performed by human being for earning livelihood. 2.Productive=Economic activities involved production,distribution and exchange of goods and services for satisfying human wants. These activities are directly related to the creation of wealth. 3.Economic resources=Economic activities make use of economic resources such as land,labour,capital,etc. 4.Economic Growth=Economic activities determine the level of economic development of a country and the standard of living of its citizen. 5.Socially desirable=Economic activities are desirable for society.They must be in accordance with the expectation and norms of society.
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