A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
Read more about Business: Basic Forms of Ownership, Classifications, Management, Organization and Government Regulation
Other articles related to "business":
... Hyundai has invested in manufacturing plants in the North America, India, Czech Republic, Pakistan, China and Turkey as well as research and development centers in Europe, Asia, North America, and the Pacific Rim ... In 2004, Hyundai Motor Company had $57.2 billion in sales in South Korea making it the country's second largest corporation, or chaebol ...
... Hill campus and incorporating the Kingston University Business School and Kingston Law School ... The Faculty of Business and Law offers undergraduate and postgraduate courses as well as executive education in the five following groupings Law, Accounting and Finance, Informatics ... The Business School was the first in the world to receive AMBA accreditation for its MBA, DBA and Masters in Business Management ...
... the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors ...
... branded venture capital conglomerate company founded by business tycoon Richard Branson ... Its core business areas are travel, entertainment and lifestyle and it consists of more than 400 companies worldwide ... is listed as 1989 by Companies House, who class it as a holding company however Virgin's business and trading activities date to the 1970s ...
... The Unification Church's business holdings include the UPI, The Washington Times, and the Tongil Group, one of the largest South Korean business groups or chaebol with business ... In the 1990s, Moon's ownership of major business enterprises, including The Washington Times, the United Press International, and Pyeonghwa Motors was ...
Famous quotes containing the word business:
“The whole business of your life overwhelms you when you live alone. One’s stupefied by it. To get rid of it you try to daub some of it off on to people who come to see you, and they hate that. To be alone trains one for death.”
—Louis-Ferdinand Céline (1894–1961)
“On the most profitable lie, the course of events presently lays a destructive tax; whilst frankness invites frankness, puts the parties on a convenient footing, and makes their business a friendship.”
—Ralph Waldo Emerson (1803–1882)
“They that go down to the sea in ships, that do business in great waters, these see the works of the Lord and his wonders in the deep.”
—Bible: Hebrew Psalms 107:23-24.