What is Business?

 

Business is an organization or entity that sells goods and services for profit.

Business is something that operates in order to make profit

so, the main purpose of every business is to make profit 

three types of business

• Sole proprietorship ( Single person owned stores) example : Bakery,
• Partnership firms (it had more than  2 members members also known as partners
  
• Corporation (it had group of persons or companies they joined together for a common purpose )

examples Amazon corporation, Apple ,Google

so the organized effort of individuals or peoples to produce and sell of goods and services for a profit and satisfy society's needs is known as Business

in Business everyone working towards a common goal, and the goal of business will vary based on the type of business and the strategy of business.