What is Business

A business is any enterprise which is organized to satisfy our wants for goods and services. People establish a business in the hope of making a profit; thus they earn their livelihood by supplying goods and services which others desire. The world is so full of these goods and services that we take them for granted, yet without them we couldn’t have almost any of the things that we’ve come to consider necessary for our comfort and safety.

Just think what it would mean if business was taken away and we were suddenly required to produce our own food, make our own clothes, build our own homes?

Each of us would have to work single handedly to create the bare necessities of life. It is business which is responsible for the comfortable life we live today.


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