Types of economical activity
Every activity which is related some
monetary gain come under economical activity. Activity like make a living or
add to wealth or make some capital gain, these types of activity which is
related with some monetary function or gain, are come under economical
activity. On the behalf of activity, we divide it into these three parts like –
employee, profession and business.
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| Types of economical activity |
Employee – We also called it job, an occupation
or job under which a person performs all his activity for a salary or
remuneration. In other word, a person is hired or employed by someone against a
fixed amount. A person performs all the activity for employer & he acts
according to the need of employer.
Professional – It is define when any work or
occupation requires some special knowledge come under profession. In these
special services, we often include like an Advocate or an Architect or a CA,
who earns living by providing specialized services to his clients. These professional
is generally regulated by some law or constitution body which define minimum
academic and other qualifications.
Business – A business is a group of activity
which keeps a person or group actively involved in work for some monetary gain.
In other words, we can say that it is a wide term which includes all single or
multiples activity which are directed towards earning profit/salary and
generating capital through some goods, services or productions.
