There are various types of businesses based on the economy it operates in and kind of ownership the entity is governed by.
In general, business is a person’s regular occupation, profession or trade. Business is typically a commercial activity that involves exchange of goods and services for money or value.
Businesses can be state owned, privately owned or not-for-profit depending on their nature of services.
There are various types of businesses based on the economy it operates in and kind of ownership the entity is governed by.
There are businesses owned by a single owner called sole proprietorship, business owned by two or more people is called partnership, there are corporations with separate legal personalities from its promoters owned by either government or privately owned and there are cooperatives with limited liability business that can organize for-profit or not-for-profit.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
Available on Amazon.in
Also Read:
- What is Crony Capitalism?
- What Is Capitalism?
- What is Socialism?
- What is Free Enterprise?
- What is Third World?
- What is the Fourth World?
- What is Sustainable Economic Growth?
- What is Inclusive Growth?
- What is Industrialisation?
- What are the Effects of Industrial Revolution in India?
- What is Industry?
(India CSR)