Question

What is business?detail about some point?

Answer 1

A  business refers to an economic system where goods and services are exchanged for one another or for money.  

or

An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.

or
A business is combination of human activities which are directed towards earning money and wealth by purchase,sale and production, manufacturing of goods or by providing various type of service. In business an organisation or enterprising entity engaged in commercial, industrial or professional activities. A company transacts business activities through the production of a good, offering of a service or retailing of already manufactured products.

In other words

Business is regular production or purchase/sales of goods with earning objective and by satisfying human wants acquiring wealth.

 

Answer 2

An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.