CBSE · Class 11 · Business Studies · Business, Trade and CommerceThe economic activity that requires specialized knowledge and training is:
Step-by-Step Solution
A profession is an economic activity that requires specialized knowledge and formal training in a particular field, such as law, medicine, or chartered accountancy, regulated by a professional body.
Detailed Options Breakdown
Option : Business
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 1: Profession (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Employment
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 3: Trade
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
💡 Study Guide: This question tests core syllabus concepts from Business, Trade and Commerce. For formulas, key summaries, and mock exam reference guides, read the full Business, Trade and Commerce Revision Notes.