Business

Business refers to the organized effort of individuals to produce and sell goods or services for profit. It encompasses a wide range of activities, including the creation of products, marketing, sales, and distribution. A business can be a sole proprietorship, partnership, corporation, or any legal entity that engages in commercial activities. The primary goal of a business is to generate profit, which is the difference between revenue and expenses. Businesses can operate in various sectors, such as retail, manufacturing, finance, technology, and services, and they play a crucial role in the economy by creating jobs, fostering innovation, and contributing to the overall economic growth.