Businesses
Businesses are organizations that coordinate resources, labor, and materials to produce goods or deliver services in exchange for monetary consideration. Their primary aim is to earn profits for owners or shareholders, though many enterprises also pursue social, community, or public-interest objectives. Businesses differ in size, legal form, ownership, and strategy, and they operate within a market or regulatory environment that shapes opportunities and risks.
Common legal forms include sole proprietorships, partnerships, corporations, and cooperatives. The choice of form affects liability,
Core functions typically cover product or service development, marketing, production or delivery, finance and accounting, and
Economically, businesses drive job creation, productivity, and innovation, enable capital formation, and contribute to the distribution
They are subject to laws on contracts, labor, taxation, competition, consumer protection, and environmental impact. Many