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"[1]. 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.
Businesses may be not-for-profit, individually owned or state-owned. 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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SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorshiprun by people who Volunteer.
Business
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Footnotes
- ↑ A 1970 essay for The New York Times essay.