Advertisements
Advertisements
Question
State any four features of employment.
Advertisements
Solution
Employment is an economic activity. A person works for others to earn his livelihood. Following are the features of employment:
- Aim: The main aim of a person accepting employment is to earn money.
- Qualification: Qualifications are required depending upon the nature of employment. Some types of work require educational qualifications, some require some specific skill, some require both. But qualification is necessary for employment.
- Monetary returns: The person who accepts employments and works for the employer gets remuneration after specific intervals. Remuneration can be wages or salaries. Usually, wages are paid daily or weekly salaries are paid monthly.
- Capital: Capital is not required for the person who is in employment.
APPEARS IN
RELATED QUESTIONS
Select the correct option and rewrite the sentence.
A Lawyer is__________
Select the correct option and rewrite the sentence.
Warehousing creates _____ utility in goods.
Give one word/phrase/term.
Human activities that are conducted for earning money.
State True or False.
Every profession is practiced for earning money.
State True or False.
Trade includes buying and selling of goods and services
State True or False.
Plant nursery is an example of extractive industry.
Answer in one sentence.
What is an economic activity?
Correct the underlined word and rewrite the sentence.
Business is a non-economic activity.
Distinguish between:
Business and Profession.
State any four features of the profession
State any four features of profession.
State any four features of profession.
State any four features of the profession.
State any four features of profession.
State any four features of profession.
State any four features of profession.
State any four features of profession.
