Wednesday, July 8, 2009

A business is a legally recognized designed to provide goods and 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 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. 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.

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