Business

Business is a person's regular occupation, profession, or trade. The practice of making one's living.

The etymology of "business" stems from the state of being busy, and implies some form of viable and profitable work.

A business can be a particular organization, or a more generalized usage refers to a particular market.

A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to customers or consumers.

Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customer for mutual benefit.

"The business of business is business." Milton Friedman

Milton Friedman introduced his theory, "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". From a corporate view point a business has no social responsibility to the public or society but only a responsibility to its shareholders. But a business is composed of people, serves people and exists within a society composed of people and therefore what is good for people is good for business.

There is no socially responsible of businesses because social responsibilities belong in the hands of the people. The more profit in a business then the more resources will be available for people to provide for their social responsibilities. The redistribution of wealth should be in the hands of the people and not business by the vote of a corporate board, nor the government through "legal charity".

As an example: employees may take up a collection to provide for a fellow employee. The board members may do the same. But a vote where the minority will be deprived of choice in the matter of charity undermines the choice of the minority.

Archibald MacLeish once said, "Freedom is the Right to Choose, the Right to create for oneself the alternatives of Choice. Without the possibility of Choice, and the exercise of Choice, a man is not a man but a member, an instrument, a thing.”

So it is true that "The business of business is business." But it is also true that "The business of people is people."

Business may not always be about profit as we think of profit. Businesses may be not-for-profit, individually owned or state-owned. But a not for profit business really is still looking for financial profit for itself but for a profit of another nature and for others.

A business owned by multiple individuals may be referred to as a company.

The first business had a non profit aspect to it and was delegated by God.

• Genesis 2:15 "And the LORD God took the man, and put him into the garden of Eden to dress it and to keep it."

An additional part of that original business plan of God included profit and gain.

• Genesis 1:22 "And God blessed them, saying, Be fruitful, and multiply, and fill the waters in the seas, and let fowl multiply in the earth."

The business of this website is to help people prosper.

• "Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth." 3 John 1:2

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