NCERT · Class 11 · Business Studies · Business, Trade and CommerceThe occupation in which people work for others and get remuneration in return is known as:
Step-by-Step Solution
Employment is an occupation where people work for others and receive remuneration in the form of wages or salaries in return according to the terms of the employment contract.
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
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 2: Employment (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Industry
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.