June 21, 2025

Business

Business refers to the organized effort of individuals or groups to produce, sell, or exchange goods and services for profit. It encompasses various activities, including the manufacturing of products, the provision of services, marketing, sales, and finance. A business can take many forms, such as sole proprietorships, partnerships, corporations, or cooperatives, and can operate in various industries, such as retail, technology, healthcare, and more. The primary goal of a business is to generate profit while meeting the needs and wants of consumers, thereby contributing to the economy and society.