| Business, in general is when individuals or organizations engaged in the trade of goods, services or both. Today, businesses are a very significant aspect of capitalist societies and cultures. To conduct business is an important part of the human existence. The economies of societies and countries are an important part of the society and people identify with business, the economy and certain aspects of business or a particular business.
Many businesses are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
People study business in school and many base their careers and income on business. In a modern society business seems to touch everyone. We all seem to be consumers of the output of some business or producing something consumed by others.
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