Related topics: company

Emails outside working hours: Are they against employment law?

It is common for many employees to send, read and reply to work emails at all hours of the day and night, including weekends. This change in work culture developed in recent decades and has accelerated with the advent of ...

It takes an ecosystem to raise a successful start-up

The geography of entrepreneurship is "spiky", meaning that from region to region there are significant variations in rates of start-ups and, in particular, "scale-ups"—new businesses that are evolving into larger enterprises.

Harnessing the power of CRISPR in space and time

Researchers in Vienna from Ulrich Elling's laboratory at IMBA—Institute of Molecular Biotechnology of the Austrian Academy of Sciences—in collaboration with the Vienna BioCenter Core Facilities have developed a revolutionary ...

Forest farms could create market for ginseng, other herbs

A transition from wild collection of herbs to forest farming needs to occur in Appalachia to make the opaque, unstable and unjust supply chain for forest medicinal plants such as ginseng sustainable, according to a team of ...

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Business

A business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.

Business Studies, the study of the management of individuals to maintain collective productivity to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.

This text uses material from Wikipedia, licensed under CC BY-SA