ICSE Class 9 Commercial Studies — Chapter Summary

Human activities are all the actions carried out by human beings to satisfy wants. These wants are unending, unlimited, and recurring, so human activities continue throughout life. They are broadly divided into economic or commercial activities and non-economic or non-commercial activities. Economic

Business activities are economic activities concerned with the production, distribution, and exchange of goods and services for profit. They are broadly divided into industry and commerce. Industry produces goods, while commerce helps in their movement from producers to consumers. Business differs f

Profit seeking organisations and non-profit organisations are two major types of organisations in society. Profit seeking organisations work mainly to earn profit through the production, purchase, and sale of goods and services. Non-profit organisations work mainly to serve society and use any surpl