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Commercial and non-commercial
commercial activities
features
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Created by
karmaisacat
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Cards (7)
Economic motive
Undertaken
to
earn money
and
wealth
Productive
Involve
production
,
distribution
, and
exchange
of
goods
and
services
for
satisfying human wants.
Economic resources
Commercial
activities make use to
economic
resources such as
land
,
labour
, and
capital.
Rational use
Require proper
allocation
of
scarce resources
so as to obtain
maximum output.
The involve
optimum utilisation
of resources.
Economic growth
determine the
level
of
economic development
of a country and the
standard
of
living.
Legal and valid
Human activities
performed for
economic gain
are only considered
commercial
when they are
lawful.
Socially desirable
They must be in
accordance
with the
expectations
and
norms
of society.
