Information on the new classification of business activities in BiH In the course of time, significant changes in the structure and organization of economy including the development of new technology have occurred resulting in the establishment of new activities and new products. Economics is a study of human beings as consumers and producers and it has a much wider scope than commerce. Commerce. Business and Profession: Business is a sum total of activities pursued with a purpose to produce and accumulate wealth. User guidelines The highest level of classifications is the Section, which is alphabetically coded and intended to facilitate economic analysis. h�bbd``b`� $S��
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Commerce generally includes all activities … (iv) Commerce is a part of economics. through mining) 2 2. Good… Business is a wider concept and includes industry too. Commerce – It includes all those activities which are necessary for facilitating the exchange of goods and services. e.g. �&(~C-N���0��-?��s�|lV��x��і%���3`�P �m��� ��TDP��8yPD
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CBSE Class 11 Business Studies - Classification of Business Activities. 9351 0 obj
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Classification Evolution of Information System The first business application of computers (in the mid- 1950s) performed repetitive, high-volume, transaction-computing tasks. We are consuming many other things which have to be generally paid for. Though the basic requirements of human beings are three viz., food, clothing and shelter. Classification of Business Complete the following questions in the time allowed by your teacher QUICK DEFINITIONS Write a short, accurate definition for each of the following key terms. A working group constituted of representatives from all three statistical institutions in BiH have developed a new version of statistical classification of business activities in BiH entitled Classification of Business Activities in Bosnia and Herzegovina 2010. Classification of Business Activities - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. 9341 0 obj
Primary Sector – Extracts and uses the natural resources from the earth. 2.1 CLASSIFICATION OF BUSINESS ACTIVITIES The basic cause of all productive activities is the unlimited wants of human being and the need to satisfy them.
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Fishing, farming Secondary Sector – Manufacture goods using raw materials from primary sector. Worksheets are very critical for every student to practice his/ her concepts. �U4(Pџ�psc�h��@��"A �������dð��grɍ��'�8hw�Cۛ��Q��``�n���qz%�^��u�d�0 uyT
The sectorwhere raw material gets converted into useful products is called industry.
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