Tag: Business
Business is an organized economic activity wherein the exchange of goods and services takes place for adequate consideration. It is a method of making money from commercial transactions. Business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production of goods or services. Businesses can be for-profit entities or non-profit organizations fulfilling a charitable mission or furthering a social cause. Businesses range in scale and scope from sole proprietorships to large international corporations. The business also refers to individuals’ efforts and activities to produce and sell goods and services for profit2.