What is business?

A business (also known as company, enterprise, or firm) is a legally recognized organization designed to provide goods, services, or both to consumers.

Businesses are predominant in capitalist economies, in which most businesses are privately owned and typically formed to earn profit that will increase the wealth of its owners. The owners and operators of private, for-profit businesses have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Businesses can also be formed not-for-profit or be state-owned.

Attention: Retrieved from wikipedia
For further readings:
http://en.wikipedia.org/wiki/Business
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