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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.
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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.

User Catfood
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1 Answer

2 votes

Answer:

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.

User Toddarooski
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