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In economics, business is the social science
of managing people to organize and maintain collective productivity
toward accomplishing particular creative and productive goals, usually
to generate revenue.
The etymology of "business" refers to the
state of being busy, in the context of the individual as well as the
community or society. In other words, to be busy is to be doing
commercially viable and profitable work.
The term "business" has at least three
usages, depending on the scope — the general usage (above),
the singular usage to refer to a particular company or corporation, and
the generalized usage to refer to a particular market sector, such as
"the record business," "the computer business," or "the business
community" -- the community of suppliers of goods and services.
The singular "business" can be a
legally-recognized entity within an economically free society, wherein
individuals organize based on expertise and skills to bring about
social and technological advancement.
From Wikipedia, the free
encyclopedia
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