Question

Manoj invested his savings in a piece of land in 2005. In 2015 he sold his land at a good profit. Will his purchase and sale of land considered as business ? Justify your answer.

Answer 1

Yes.

Step-by-step explanation:

If the question is asking if Manoj's move is considered 'business' than yes, yes it is. Manoj both bought and sold property.

Definition:

Business is the activity of making one's living or making money by producing or buying and selling products.