Concept of Business

"Business is an enterprise engaged inthe production and distribution of goods for sale in market or rendering services for a prise"

1. The meaning and nature of business can also be explained with the help of flowing points:

• Business is a human activities:

Business is purely a human activity.Itis the human being who starts business,earn profit and manages different factors related to the business.

• Business is an social activity:

Business is an economic activity as it is concerned with the creation, attainment and consumption of wealth.