BUSINESS ORGANISATION AND MANAGEMENT (DU SOL ONLINE EXAM)

INTRODUCTION ABOUT BUSINESS ORGANISATION AND MANAGEMENT

In our day-to-day life, we use words like business, commerce, trade, industry, etc. quite often. These words have a definite meaning in ‘Business Organization’. In this introductory unit, you will learn the exact connotation of such terms. You will also learn the distinction between economic and non-economic activities, objectives of the business, the classification of business activities, the importance of organization, and the role of an entrepreneur in business. 

HUMAN ACTIVITIES 

All of us participate in various kinds of works from the time we get up from bed in the morning till the time we go to sleep at night. We get up from bed in the morning, brush our teeth, take bath and get breakfast. Then children go to school or college to study, elders go to office or factory or shop or field to work, and housewives work at home. In the evening all of us come back home, take food and sleep. All the activities in which we, thus, participate from morning till night are called ‘human activities’. If you closely examine human activities, you will find that some of these produce economic benefits e.g., working in a factory or in an office or at the farm. Some other activities like brushing teeth, making breakfast, going to school, playing, cooking food for the family, etc., do not produce any direct economic benefits. Thus, we can classify human activities into two groups: (1) non-economic activities, and (2) economic activities.

   NON ECONOMIC ACTIVITIES

Charitable activities:

 Labour searching for a social benefit purely based on solidarity and without monetary advantages. For instance government-funded education institutes, community work or social assistance.

  Household activity:

 like tidying, washing dishes, child care, sewing garments or home economics. 

 Independence:

 Navigating underprivileged and under marginalized sectors of society in their upliftment and independence in order to meet their livelihood. 

 Voluntarily skilling: People who facilitate marginalized individuals in achieving employment by training in skills.

ECONOMIC ACTIVITIES

These are activities which are undertaken by human beings for earning money or livelihood. These economic activities are concerned with production, exchange and distribution of goods and services. For example, a doctor works in the hospital, a teacher working in a school, an employee going to his office, a farmer working in the field etc. They are all doing this to earn his or her livelihood or to acquire wealth.

Some Useful Links: 

• Sol DU online exams from March 15, 4 Important questions
• farmer-protest-live-updates
• CAT2020: Read these important things before going to the exam hall
• Modi government gave big relief, Small Business
• New farm laws and conflict between Govt. & Farmers
• Struggle in Drafting Constitution
• Defamation and IT Act

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ If any Photos/Videos/Article/Blog/Content has an issue with this upload, please contact us and we will remove it immediately. Contact E-Mail : lawtantra@gmail.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬