What is Business? Concept – Importance, Types & Nature

what is business

Humans are constantly involved in some activity or another to satisfy their insatiable desires. We come across the words ‘business’ and ‘businessman’ daily, either directly or indirectly. In today’s environment, the business has become a necessary component. The source of revenue generation is business. It’s a way to make money in foreign currency.

If we look into the etymology of the term ‘Business’ it is a cumulative form of two words, i.e. ‘busy’ and ‘ness’, but a business has to offer so much more than just being busy. This article deals with the different aspects, types, nature and significance of business.

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