Business is an economic activity which means to earn something. It includes trade, aids to trade, and manufacturing. A business is an organization which is engaged in trade of goods, services. Businesses are those economic activities, where most of them are privately or publically owned and administered to earn profit to increase the wealth of their owners or investors.
Business:
Business = trade+ aids to trade
Profit and gain from business
• Income over expenditure is called profit or gain
• Expenditure over income is called loss
Adventure is the nature of trade:Adventure means to participate in the risky work & trade means buy and sell of goods and services. Every business big or small always involves a major risk because risk is the major play role for the success of our business enterprise.
For example:• When any items purchased for its possessions or only for his satisfaction not a regular courses then it is not an adventure is the nature of trade.
• Sometime sale or resale normally in the business then it is an adventure is the nature od trade.
• When any goods sale to the other person in intension then it is an adventure is the nature of trade.
• When any goods purchased only for show off not a business then it is not an adventure is the nature of trade.
• When purchased goods then intension for sale but after sometimes change the mind and he doesn’t want to sale the goods then it is not an adventure is the nature of trade.
Business:
Business = trade+ aids to trade
Profit and gain from business
• Income over expenditure is called profit or gain
• Expenditure over income is called loss
Adventure is the nature of trade:Adventure means to participate in the risky work & trade means buy and sell of goods and services. Every business big or small always involves a major risk because risk is the major play role for the success of our business enterprise.
For example:• When any items purchased for its possessions or only for his satisfaction not a regular courses then it is not an adventure is the nature of trade.
• Sometime sale or resale normally in the business then it is an adventure is the nature od trade.
• When any goods sale to the other person in intension then it is an adventure is the nature of trade.
• When any goods purchased only for show off not a business then it is not an adventure is the nature of trade.
• When purchased goods then intension for sale but after sometimes change the mind and he doesn’t want to sale the goods then it is not an adventure is the nature of trade.