Sunday, September 22, 2013

Buisness

A buisness (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers .Businesses are predominant in capitalist economics, where most of them are privately owned and administered to provide service to customers for profit. 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 agro-business; 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.

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