What is Business - What is Business? Meaning Human beings...

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What is Business? Meaning Human beings are continuously engaged in some activity or other in order to satisfy their unlimited wants. Every day we come across the word 'business' or 'businessman' directly or indirectly. Business has become essential part of modern world. Image Credits © Mohddeeb . Business is an economic activity , which is related with continuous and regular production and distribution of goods and services for satisfying human wants. All of us need food, clothing and shelter. We also have many other household requirements to be satisfied in our daily lives. We met these requirements from the shopkeeper. The shopkeeper gets from wholesaler. The wholesaler gets from manufacturers. The shopkeeper, the wholesaler, the manufacturer are doing business and therefore they are called as Businessman. Definitions of Business Stephenson defines business as, "The regular production or purchase and sale of goods undertaken with an objective of earning profit and acquiring wealth through the satisfaction of human wants."
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This note was uploaded on 02/15/2012 for the course ECON 101 taught by Professor John during the Spring '11 term at Audencia Nantes Ecole de Management.

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What is Business - What is Business? Meaning Human beings...

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