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Definitions of Business


I collected the 5- Best definitions of Business in order to clearly teach business as well as non-business students and other readers for conceptually understand the basic meaning of business.
  1. An organization or economic system where goods and services are exchanged for one another or for money
  2. A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers
  3. Business is an economic activity, which is related with continuous and regular production and distribution of goods and services for satisfying human wants.
  4. Business refers to a form of activity conducted with an objective of earning profits for the benefit of those on whose behalf the activity is conducted. 
  5. A commercial activity engaged in as a means of livelihood or profit, or an entity which engages in such activities.


                                                     Regards;
                                                     Shahid Imran Shan
                                                      




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