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"A business (also known as a
company, enterprise, and firm) is a legally
recognized
organization designed to provide
goods or
services, or both, to
consumers, businesses and governmental entities.Businesses are predominant in
capitalist
economies. Most businesses are
privately owned. A business is typically formed to earn
profit that will increase the
wealth
of its owners and grow the business itself. The owners and operators
of a business have as one of their main objectives the receipt or
generation of a
financial return in exchange for
work and acceptance of
risk.
Notable exceptions include
cooperative enterprises and
state-owned enterprises. Businesses can also be formed
not-for-profit or be
state-owned."
Source:
Wikipedia |
