elaborate the term of business with the aspect of real life example
Answers
Answer:
Explanation:
business is an economic activity .it is done not out of any sentiments .
for example if a person sells some object continously by setting up a firm means it is known as business
The business has vital functioning in economic development and ethical practices. Both, are the related terms that complete the channelizing process.
EXPLANATION -
Business is the Independent or Group of people; that has come at a central point of spending and earning in the economy for personal and professional growth.
Business is a two-way process that generates money from the existing money and resources in the economy. This process of business leads to the development of society economically and socially.
-> Business give economic growth to society by -
•Generating incomes.
•Providing goods and services at wider ranges.
•By giving a technological boost.
•Advancement in the lifestyle.
•Generating awareness at all levels.
-> The Ethical practices it does through -
•Fulfilling social responsibility towards society.
•Creating value products at a reasonable price range.
•Providing cleans and healthy working conditions.
Conclusion-
All these how business helps to develop the business at the domestic as well as at the global levels in the economy and maintain the ethical practices that make a business a trustworthy business for customers as well as employees. This is a business termed in a real timeline.
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