what is business?why business are very important for a man?
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Businesses range from one-person enterprises to huge global corporations and from those existing in the informal barter economy to vast state-owned enterprises. They can be for-profit, with an avowed purpose of making money for shareholders, or not-for-profit, with the purpose of trying to improve the world. A teenager earning some spare cash by babysitting or shoveling driveways is as much a business as a huge oil corporation or a chain of big box retail stores.
The reason businesses are important is that they are a vehicle for the exchange of goods and services. Especially in complex modern societies, we cannot rely on ourselves and our families to survive. Farmers raise food, but buy farm equipment, clothing, cell phones, and other consumer goods. People who work in factories need to buy food and rent or buy houses. We depend on universities and schools for education and doctors for medical care. Even direct barter would not fully enable us to exchange all the things we need for modern life.
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business is an organization or economic system where goods and services are exchanged for one another or for money.
business are means by which people get their jobs. without business each individual will have to create their own way making a living which is difficult. thats why its important as it gives opportunities
business are means by which people get their jobs. without business each individual will have to create their own way making a living which is difficult. thats why its important as it gives opportunities
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