Commercial and Non-Commercial Activities
ICSE · Class 9 · Commercial Studies
Complete topic list for Commercial and Non-Commercial Activities in ICSE Class 9 Commercial Studies. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Commercial and Non-Commercial Activities
Meaning and Types of Human Activities
- Human activities are all activities undertaken by human beings.
- Human activities are undertaken to satisfy human wants.
- Human wants are unending, unlimited, and recurring.
Economic or Commercial Activities
- Economic activities are undertaken to earn a living and thereby satisfy human wants.
- The main object of economic activities is to earn income and create wealth.
- Economic activities are concerned with production, distribution, and exchange of goods and services.
Non-Economic or Non-Commercial Activities
- Non-economic activities are undertaken to satisfy social, religious, cultural, and sentimental requirements.
- The object of non-economic activities is not monetary gain.
- These activities are inspired by love, sympathy, religion, patriotism, and similar feelings.
Business
- Business includes economic activities concerned with production and exchange of goods and services with the object of earning profits.
- Business enterprises or business firms carry on business activities.
- Persons engaged in business are called businessmen.
Key Concepts
Central concept: Commercial and Non-Commercial Activities
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