(iii) Regular exchange of goods and services
Business activities must be carried out regularly and continuously.
A single or isolated transaction is not considered business.
Example: Selling an old car once is not business; buying and selling cars regularly is business.
(iv) Requires investment
Every business needs investment in the form of:
Land (shop, factory, office)
Labour (workers)
Capital (money, machines, tools)
These resources are used to produce goods and services.
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