__________ refers to the occupation in which people work for others and get remuneration in the form of wages or salaries.

(a)

Employment

(b)

Profession

(c)

Business

(d)

Industry

All economic activities are undertaken......

(a)

to earn a profit

(b)

for social welfare

(c)

for economic development

(d)

to stabilise the government

Commerce involves an exchange of ................for the sake of earning profits

(a)

ideas

(b)

mutual interest

(c)

goods

(d)

goods and services

Conversion of raw material into finished product creates .........utility

(a)

form

(b)

place

(c)

time

(d)

storage

All economic activities directed towards earning profit is called ..............

(a)

Trade

(b)

Commerce

(c)

Business

(d)

None of these