Business

Business refers to the activity of producing, buying, selling, or providing goods or services for profit. It encompasses various forms of organized efforts aimed at meeting consumer needs and demands. A business may operate as a sole proprietorship, partnership, corporation, or any other legal structure and can range from small local shops to large multinational corporations. The core objective of a business is typically to generate revenue and maximize profit by effectively utilizing resources such as labor, capital, and materials. In addition, businesses play a crucial role in the economy by creating employment, driving innovation, and contributing to the overall wealth of society.