2) Personal Consumption Activities

Personal Consumption Activities:

Similarly, all the activities which are concerned with the production or purchase of goods and services for personal consumption fall outside the scope of business. For instance, shoemaker making a pair of shoes for personal consumption or a tailor sewing shirts for his own use or a nurse nursing her own child are notbusiness activities because these do not involve in sale or transfer for value. However, if a shoemaker manufactures shoes for regular sale in  the market with a view to earn profit, it will be purely a business activity.