Only sale or exchange of goods/services for profit is business ' . Do you agree with the statement ? Give reason in support of your answer.

Explanation

No, the given statement is not correct .
Reason: Business involves dealings in goods or sevices on a regular or daily basis. One single transaction of sale of purchase does not constitute business. For example , sale of old newspaper by a houswife or the sale of one's old scooter (even at a profit ) is not business though the seller gets money is exchage .