What is the Business? (Topic:Business and Industry)
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buisness may be considered as economic activity which is undertaken to earn money or livelihood.
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Business is a means of livelihood.
It is a process where people make money by either buying or selling goods or services.
People make money by selling the goods and services which is known as profits.
Profits sustain them in the long run.
An individual is not separate from his business.
He owns it and thus makes him responsible for all the debts and liabilities of the business.
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