earning money is called Economic activities. Economic activities are classified into Business, Profession and Employment. All such activities are taken to earn money to serve the society Business Types of Economic Profession activities Employment 1. Business : Business refers to those activities which are concerned with Providing goods and services with the aim of earning profit
2. Profession: Profession is a specialized occupation
which involves providing expert service to clients based On professional knowledge and skill
3. Employment: Employment is a special kind of
occupation where a person performs a work assignment To him by his employer under an agreement in return for salary or wages Non-Economic Activities
These activities are
undertaken in the motive to serve the society and not to earn money. These arise out of love, sympathy etc.