human activities
DESCRIPTION
Business . Human Activities . Economic . Non Economic . Features . Objectives. Difference Between Business, Profession and Employment . Characteristics . Activities. Causes . Business Risk . Industry . Commerce . Primary . Trade . Secondary . Aids to trade . - PowerPoint PPT PresentationTRANSCRIPT
Human Activities
Economic Business
Non Economic
Features
Activities
Commerce Industry Business Risk
Difference Between Business,
Profession and Employment
Basic factors while
starting a business
Causes
Characteristics
Tertiary Secondary
Primary Aids to trade
Trade
Objectives
Activities undertaken by humans to satisfy their needs are called human activities.
They are those activities by which we can earn our livelihood.
They are performed out of love, sympathy, sentiments, patriotism, etc.
Business refers to an occupation in which people regularly engage in activities related to purchase, and/or sale of goods and services with a view to earning profits .
• An economic activity.• Production or procurement of goods
and services.• Sale or exchange of goods and
services.• Dealings in goods and services on a
regular basis.• Profit earning.• Element of risk.
Industry • Includes conversion of
resources into useful goods.
• Eg. Cotton textile industry
Commerce • Includes buying and
selling of goods.• Provides necessary
link between producers and consumers.
All business activities which are concerned with the extraction of natural resources and reproduction of
plants and animals are known as primary industries.
Genetic Industries
Extractive Industries
Economic Objectives Social Objectives Earning profits Right quality at right
prices Creating customers Avoidance of anti-social
and unfair trade practices
Innovations Employment generationBest use of scarce
resources Employee welfare
These industries process materials which have already been obtained at the primary stage.
Manufacturing Industries
Construction Industries
The activities which provide services to primary and secondary industries as well as to trade are known as
tertiary industries.
Banking
Advertising
Transportation
Trade means buying and selling of goods.
Home trade
Foreign Trade
Wholesale Trade
Retail Trade
Entrepot Export Import
Activities which assist or support trade are known as aids to trade.
Transportation Warehousing
Insurance Banking
Advertising
Business risk is the danger of loss due to some unforeseeable, unpredictable and unpredictable
event in future.
Natural Flood, earthquake, famine Human Theft, accident, bad debt
Economic Change in fashion, fall in Price
Physical Gas leakage, bursting of boiler
Political Higher taxes, civil war
Difficult to measure
Variability
Profit is the reward for bearing risk
Essential element of business
Uncertainty
Basis Business Profession Employment
Mode of establishme
nt
Entrepreneur's decision with
legal formalities
Membership of professional
body and certificate of
practice
Service contract and
letter of appointment
Nature of work
Supply of goods and services
Personal service of
expert nature
Work assigned by the
employer Qualification No minimum
qualification Minimum
education and training
Depends on type of job
Basic motive Profit making Service Wage/ Salary
Reward Profits Fee Wage or salary
Factor Influenced by
Selection of line of business
Customer requirements, the kind of technical knowledge and interest of the entrepreneur.
Size of the firm Demand for the proposed product, availability of funds
Choice of form of ownership
line of business, capital requirements, liability of owners,division of profit, legal formalities
Location of business enterprise
Availability of raw materials and labour; power supply and services like banking, transportation, communication, warehousing
Physical facilities Nature and size of business, availability of funds and the process of production.