1.3 - Types of Economic Activities
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Practice Questions
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What is the primary aim of a business?
💡 Hint: Think about the money aspect of business.
Name a common example of a profession.
💡 Hint: Consider jobs that require special training.
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Interactive Quizzes
Quick quizzes to reinforce your learning
Which economic activity focuses on profit earning?
💡 Hint: Think about where profit is the key objective.
True or False: Employment refers to working for an employer under set conditions.
💡 Hint: Consider what being employed means.
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Challenge Problems
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Consider a new business venture. What factors should the entrepreneur consider before starting their business?
💡 Hint: Explore the needs and financial aspects carefully.
How can increasing the number of professions in a country impact its economy?
💡 Hint: Consider the benefits of specialization.
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