The
term "business" has at least three
usages, depending on the scope - the
singular usage (above) to mean a
particular company or corporation, the
generalized usage to refer to a
particular market sector, such as "the
music business" and compound forms such
as agribusiness, or the broadest
meaning to include all activity by the
community of suppliers of goods and
services.
Business Directory: Business Services (3696)
In economics, a business (also called firm or enterprise) is a legally recognized organizational entity designed to provide goods and/or services to consumers or corporate entities such as governments, charities or other businesses. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit to increase the wealth of owners. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative businesses and state-owned enterprises. Socialistic systems involve either government, public, or worker ownership of most sizable businesses.
