1.1 Business Activity

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Intro – Arabic Version
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Business O-Level : Notes Pack
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BUSINESS 7115 : O-LEVEL : Notes Pack

1.1 Business Activity

This section explains the basic purpose of business activity — producing goods and services to satisfy human needs and wants. It explores how businesses combine factors of production to create value, the concept of opportunity cost, and the importance of specialization and division of labour in improving efficiency.

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