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Foundations of Business - NCERT

Part IFoundations of BusinessChapter 1 .indd 113-01-2021 09:40:022022-23 ChaPter 1 Business , Trade and CommerCeLEARNING OBJECTIVESA fter studying this chapter, the learner:i. Appreciates the contribution of Business activities in the growth and development of an economy;ii. Discusses the concept and objectives of Business ;iii. Categorises Business activities into occupation, profession, and employmentiv. Classifies industry in different types;v. Explains Risk and Profit as a reward of Risk; andvi. Enumerates factors for starting a 1.

Enumerates factors for starting a business. Chapter 1 .indd 2 13-01-2021 09:40:02. 2022-23. BUSINESS, TRADE AND COMMERCE 3. 1.1 i. ... It grew as a major centre of textile industry and became famous for beautiful gold silk cloth and sandalwood ... nuclear programmes. But lack of capital formation, rise in population, 7.

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