Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Definition of Business - College Paper

Definition of Business

Definition of Business

Andrea Thornton
ENC1101-12_Week10
Michael Garriga
March 22, 2012

A business is an organization engaged in the trade of goods, services, or both to consumers (Business OnlineEtymology Dictionary). Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company [HYPERLINK: http://en.wikipedia.org/wiki/Company]. The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

business, is a matter of debate and complexity of meanings.
There are a lot of different types of businesses. Sole proprietorship is one of the business ownerships it is a business owned by one person for profit. In this type of business the owner may operate alone or they could hire employees. The owner of this type of business has unlimited liability for the debts incurred by the business. That means that all the debts will go to the owner. Another type is partnership it is a business owned by at least two people but there could be more owners. There are different types of partnerships there's general partnerships, limited partnerships, and limited liability partnerships. There also is corporation it can be either government owned or privately owned. Corporations can organize for profit or even nonprofit. When the corporation is privately owned and is for profit it is owned by shareholders who elect a board of directors (What is Business?). Business goes a long ways it branches ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

CITE THIS PAGE:

APA
MLA
Chicago
Turabian

Definition of Business. (2012, March 26). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Definition-of-Business/100524

"Definition of Business." Essayworld.com. Essayworld.com, 26 Mar. 2012. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Definition-of-Business/100524>

"Definition of Business." Essayworld.com. March 26, 2012. Accessed December 23, 2024. http://www.essayworld.com/essays/Definition-of-Business/100524.

JOIN NOW

Join today and get instant access to this and 50,000+ other essays

PAPER DETAILS

Added: 3/26/2012 11:41:20 PM
Submitted By: andreamoore4
Category: Business
Type: Premium Paper
Words: 449
Pages: 2

Save |

Report

SHARE THIS PAPER

SAVED ESSAYS

Save and find your favorite essays easier