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In economics, business is the
social science of managing people to organize and maintain collective
productivity toward accomplishing particular creative and productive
goals, usually to generate revenue.
The etymology of "business"
refers to the state of being busy, in the context of the individual as
well as the community or society. In other words, to be busy is to be
doing commercially viable and profitable work.
The term "business" has at least
three usages, depending on the scope — the general usage
(above), the singular usage to refer to a particular company or
corporation, and the generalized usage to refer to a particular market
sector, such as "the record business," "the computer business," or "the
business community" -- the community of suppliers of goods and services.
The singular "business" can be a
legally-recognized entity within an economically free society, wherein
individuals organize based on expertise and skills to bring about
social and technological advancement.
From Wikipedia, the
free encyclopedia
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