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.
View MoreWhat is the polar vortex? The polar vortex is a large area of low-pressure and cold air that typically swirls around the Earth's poles, particularly the North Pole. unbranded - Newsworthy As a forecasted polar vortex threatens to bring extreme low temperatures to the northeast over the next week, it will be best to stay indoors...
Were the Patriots wrong to move on from Bill Belichick as head coach? A legendary career in New England comes to an end for Bill Belichick, but USA TODAY Sports' Lorenzo Reyes questions if that was the right move for the Patriots. The New England Patriots back home for their season finale, facing off again against the Buffalo...
A person enters the building of the World Bank Group, in Washington, United States. — AFP/File ISLAMABAD: The World Bank is likely to approve $20 billion for Pakistan over a 10-year period for improving the country’s key sectors, sources told Geo News on Saturday. Sources within the Ministry of Economic Affairs have said that...
Former Infosys CEO Vishal Sikka met with Prime Minister Narendra Modi at his residence on Saturday for “a detailed and wide-ranging discussion” on artificial intelligence. Former Infosys CEO Vishal Sikka meets Prime Minister Narendra Modi. (@vsikka/X) “It was a privilege to meet the Hon. Prime Minister Sh. Narendra Modi for a...
When to bring your dog inside from the cold: Video Many pet owners forget that cold weather can be very uncomfortable for dogs. A good way to determine your dog’s temperature is to feel their ears. See the video for more tips. unbranded - Lifestyle As temperatures start to drop, many residents may have animal family members they...