Features of Business

>> August 19, 2011

Following are main features of business

 1. Economic Activity

Business is sum of economic activities. We can say all activities in which goods are produced, purchased and sold. Social welfare activities are not included in it. 

2. Aim of Earn Profit

 It is the feature of business that all activities are done for the aim of earning profit. If we collect donation for providing services to others, it will not be business. 

3. Risk of Loss

In business, businessman takes the risk of loss of his capital. He has to face internal and outside business environment. Risk and uncertainty are the inseparable parts of business. 

4. Regular Dealing 

Regular dealing in business transaction is must for a business. An isolated transaction can not be called as a business transaction. Thus, business involves regular dealing in transaction. 

5. Freedom 

Freedom is also an important element of business. The functioning of a business is at the discretion of the entrepreneur. Functioning of a business is at the discretion of the entrepreneur. 


Post a Comment

About website

An educational site with 2,000+ articles, solutions, video-guides and tutorials .

Get Update on Mobile

Type svtuition.org in your mobile phone web browser for free access anytime, from any place.The content is designed specifically for cell phones and mobile devices.

Contact Us

Email : vinod@svtuition.org

Phone : +91-8557888436

Send an Email
Phone number and vCard
LinkedIn profile
Follow us on twitter