Arnab is working as sales executive in XYZ-limited company. He is getting 40,000 per month. His
job is to enhance the sale of a company. Identify which type of economic activity is highlighted in the case and state some of its characteristics.
It is an example of employment which is an economic activity.
The characteristics of employment as an economic activity are
(i) There is a contract existing between the employer and employee.
(ii) Employee performs according to assigned task.
(iii) Remuneration is given to employees for delivering value services.
(iv) An employee must abide by the rules and regulations of the organisation.