Full Lecture - NIOS CLASS12 Business Studies Chapter 1 - NATURE AND SCOPE OF BUSINESS
In your day-to-day life you may be engaged in several activities. However, when some one asks you as to what you want to become in your life or what you want to do in future, your answer may be – “I want to join a suitable job or I want to become a doctor, an engineer, a dancer or a musician”, or you may say, “I want to do my own business”. But why do you want to do any of such activities? Obviously, it is mainly to earn your livelihood. Broadly speaking, every human activity in which one is engaged
for the purpose of earning one’s livelihood is known as economic activity. In this lesson we shall learn about all such activities, their categorisation and some other related aspects.
What you will learn?
• define human activities;
• classify human activities as economic and non-economic activities;
• explain the role of profit in business;
• explain the meaning and characteristics of different categories of economic activities;
• explain the concept of business and distinguish it from profession and employment;
• describe the objectives and importance of business in modern society; and
• identify different types of business activities.
NIOS business studies class 12 notes
NIOS class 12 business studies chapter 1 NATURE AND SCOPE OF BUSINESS
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Pass 12 or 12 directly from gov. board registration, books, project, practicals, coaching provided
