Which of the following is the main objective of carrying out various economic activities ........

Which of the following is the main objective of carrying out various economic activities?

Profit

Public welfare

Competition

Equality

- Option 1: Profit

- The main objective of most economic activities, especially in business, is to earn profit.

- Profit drives production, investment, and innovation.

- Option 2: Public welfare

- Some economic activities (mainly by government or non-profits) focus on public welfare.

- However, this is not the primary motive in all economic activities.

- Option 3: Competition

- Competition is a part of economic activity, but not the main aim.

- It helps improve efficiency and quality.

- Option 4: Equality

- Equality can be an outcome or goal of policies, but not the main objective of all economic activities.

- Correct Answer is Option:1 – Profit

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