In this chapter, students explore the fundamental concepts of business, trade, and commerce. They delve into the definitions, characteristics, and objectives of business activities. Additionally, students learn about the distinctions between industry and commerce, types of industries, and the significance of commerce in facilitating economic activities. The chapter also covers the role of business in generating employment, income distribution, and wealth creation, providing a foundational understanding of the business environment.
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Notes Class XI Business Studies Chapter 1 Business, Trade and Commerce
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In this chapter, students explore the fundamental concepts of business, trade, and commerce.
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