Question

how is the word 'business' derived​

Answer 1

Answer:

The word business comes from the word busy, and means doing things. It works on regular basis. Originally, individual trades people were qualified, and they hired assistants. The invention of the joint-stock company meant a new era in business.

Answer 2

The term business is derived from the word busy.

Explanation:

• The word business is derived from the term busy.
• When the term is interpreted in the literal sense, business means the state of being busy or occupied in doing something.
• In other terms, business is an economic activity where people are occupied in producing goods and services for earning profits and providing utility to the people.
• A business is essentially an economic activity because its main purpose is to earn profit. An organization set up for charity purposes is not a business organization.