what is business and a business firm ?
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business is for purpose of profit and business firm is where we does business to earn profit
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Business - Business is the name of the process which involves the exchange of goods and services, lieu of earning money among the economy within buyers and sellers.
Business Firm - Business firm refers to the organization which is busy with 4M - Man, Machine, Money, and Material under the supervision of a producer under certain ethical values to produce value product and achieve the persived goals.
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