business is an institution organized and operated to provide goods and services under the incentive of private gains. discuss by giving four reasons.
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It is a businessman bears the risks and run business with the main motive of earning profit. Profit is the type of incentive or reward given to business man for bearing the risk. Private gain is the main incentive of the business by providing goods and services as it is the means of livelihood for the businessman to survive in the market and then expand or grow by analyzing market condition and change in business environment.
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