Nature features of Business

We know that business is an essential part of economy in modern business world because it provides billion of jobs and increases the living standard of billion of people so we can say that business plays a important role for the development of nation.

Nature or Feature of Business.

There are a number of nature or Feature of Business.These are as below-

1.It is a social activity.

2.It is an economic activity.

3.It is a continuous activity.

4.It is a creative activity.

5.It is a dynamic activity.

6.It is a formal or informal activity.

7.It is a risk possessing activity.

8.It is a skillful activity 

9 It is science or art.

10.It is a legal or lawful activity.

Characteristics of Business

We know that Business is an economic activity of human beings that is performed to fulfill the need demand want desire of customers and increase their living standard.

There are a number of characteristics of business.Some characteristics are as below.

1.It exchanges goods and services on the behalf of money.

2.It deals a huge number of transactions.

3.It has two elements buyer and seller.

4.It is a production oriented activity.

5.It has uncertainty of return.

6.It supports innovation.

7.It faces maximum competition.

8.It fulfills need want desire of customers.

9.It is a profit oriented activity.

10.It follows international rules regulation norms.