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Nature and Purpose of Business: Part 1, History, Concept and Objectives

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Lesson

History, concept and objectives of business

Part 1: how trade grew in old India, what business is, and what it aims to achieve.

In this lesson you will

  • Describe the main features of trade and indigenous banking in old India
  • Distinguish business, profession and employment
  • List and explain the characteristics of business
  • Explain the objectives of business and why profit alone is not enough
Part 1 at a glance