Explain the concept of business? what are its nature and scale.
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The term 'business ‘refers to all the economic activities carried out by people and organization for generating incomes
* It is concerned with producing and distributing goods and services for earning a profit.
*It is a regular process of exchanging goods and services which involve risk and uncertainty. In fact, business is an economic activity aimed to fulfill the need and wants of customers through the supply of goods and services for their satisfaction.
* It is concerned with producing and distributing goods and services for earning a profit.
*It is a regular process of exchanging goods and services which involve risk and uncertainty. In fact, business is an economic activity aimed to fulfill the need and wants of customers through the supply of goods and services for their satisfaction.
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