What do you mean by business? Explain it fundamental element in detail
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Explanation: Business may be termed as any activity which is performed with the objective of earning profit. it involves transfer of goods and services from producer to the consumer. it may include production, buying and selling of goods to satisfy consumers need so that profit can be earned.
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A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Business may be termed as any activity which is performed with the objective of earning profit. it involves transfer of goods and services from producer to the consumer. it may include production, buying and selling of goods to satisfy consumers need so that profit can be earned
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