Question

elaborate the term of business with the aspect of real life example ​

Answer 1

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

Answer 2

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.

Learn more from here about the business and how it helps economic development  -

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