Wednesday, 12 October 2011

ACTIVITIES EXCLUDED FROM BUSINESS

1) Social Service Activities:
There are certain human activities which do not seek profit. They are organized and operated with the sole object of rendering social dserviceto the society. For example, setting of free hospitals, free educational institutions, provision of freelgal services etc. Are provided by certain organizations purely for social benefits to the society. These and such other non-profit activities which are undertaken for the purpose other than of earning money or profit are excluded from the study of business.

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