Commerce · Class 11 Commerce
Ch 2Business Activities — Class 11 Commerce, concept-first.
Every day a person performs many kinds of activities — some are done to earn a living, and some are done purely out of love, duty or personal satisfaction. In the Andhra Pradesh Intermediate first-year commerce syllabus, this distinction between economic and non-economic activities is the starting point for understandi…
Key concepts
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Economic Activity
An economic activity is any human activity performed with the object of earning income, a livelihood, or some monetary return, and whose outcome can be measured in terms of money — for example business, profession or emp…
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Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Economic and Non-Economic Activities
Every day a person performs many kinds of activities — some are done to earn a living, and some are done purely out of love, duty or personal satisfaction.
Industry: Meaning and Classification
Industry refers to that branch of economic activity which is concerned with the raising, producing, processing or fabricating of products — that is, converting raw materials and natural resources into…
Commerce: Trade and Its Kinds
Once goods have been produced by industry, they must reach the people who want to use them — and that is the job of commerce.
Auxiliaries to Trade
Buying and selling alone cannot complete the journey of goods from a factory to a consumer's home. A number of hindrances stand in the way — the hindrance of distance between producer and buyer, the h…
Interrelationship Among Industry, Commerce and Trade
Industry, commerce and trade are not three separate, unconnected activities — they are three interdependent links in a single chain that begins with production and ends with consumption, and this inte…
Very Short Answer Questions
Short Answer Questions
Sample & Board Papers
Sample papers and previous-year board questions for this subject.