What is Business?

Business is typically a commercial activity that involves exchange of goods and services for money or value.

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Businesses can be state owned, privately owned or not-for-profit depending on their nature of services.

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There are businesses owned by a single owner called sole proprietorship, business .

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There are various types of businesses based on the economy it operates.

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There are cooperatives with limited liability business that can organize for-profit or not-for-profit.

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Thanks for reading!

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