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SCOPE OF BUSINESS STUDIES

Business Studies

INTRODUCTION TO BUSINESS STUDIES

MEANING OF BUSINESS STUDIES Some decades ago, the means by which people earned their living was through trade by barter system. Trade by barter is a means of exchanging good s for goods and services for services. In this system, someone who needs one thing or the other has to look for someone who has what he wants and also needs what he has. But on the invention of money, people in the society started thinking of what to do in order to earn a living. This was the beginning of business in large volume because money started serving as a means of exchange.   Business can be defined as a legal means (i.e good means) of earning a living by people in a society. People in the society earn their living on daily or monthly basis by engaging in one trade or the other. Therefore we can define business… Read More »INTRODUCTION TO BUSINESS STUDIES

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