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 "owned, business":
... acquisition, the next step was forming an in-house distribution arm for the co-owned labels ... admission 'burnt out' after twenty years in the business ... Up to this point the Warner owned record companies had relied on licensing deals with local record labels to manufacture, distribute and promote its ...
... influenced by the connection to others, implying the importance of business connections ... In the first decade following Indonesian independence their business standing strengthened after being limited to small businesses in the colonial period ... By the 1950s virtually all retail stores in Indonesia were owned by ethnic Chinese entrepreneurs, whose businesses ranged from selling groceries to construction material ...
Famous quotes related to business:
“The worst enemy of good government is not our ignorant foreign voter, but our educated domestic railroad president, our prominent business man, our leading lawyer.”
—John Jay Chapman (1862–1933)
“The minute you try to talk business with him he takes the attitude that he is a gentleman and a scholar, and the moment you try to approach him on the level of his moral integrity he starts to talk business.”
—Raymond Chandler (1888–1959)
“I know [my label], in any case: a double face, a charming Janus, and underneath, the house motto: ‘Be wary’. On my business cards: ‘Jean-Baptiste Clamence, actor’.”
—Albert Camus (1913–1960)