Related topics: company

Cannabis use both helps and hurts entrepreneurial creativity

When entrepreneurs dream up ideas for new businesses, cannabis use might help, and hinder, their creativity, according to a new study in the Journal of Business Venturing by Washington State University researchers.

Why COVID-19 won't kill cities

For those of you who live in cities, ask yourself: What it is about your urban lifestyle that makes it worth it despite the pollution, the noise and the traffic? Perhaps it's the hundreds of unique restaurants that you like ...

Lack of managers keeps India's businesses small

In today's economy, American businesses often tap into professional management to grow, but most firms in India and other developing countries are family owned and often shun outside managers. A new study co-authored by Yale ...

Businesses stand to benefit from sustainable restructuring

The Earth is populated by an increasing number of people who demand more and more products, which is simply not viable in the long run. Our planet does not have unlimited resources. Emissions are harming the environment ...

Trump, under pressure, signs $900 bn Covid relief bill

After delaying for nearly a week and under pressure from all sides, US President Donald Trump finally signed a massive $900 billion stimulus bill Sunday, in a long-sought boost for millions of Americans and businesses battered ...

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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