Business refers to the organized effort of individuals to produce and sell goods and services for profit. It encompasses a wide range of activities, from small local shops to large multinational corporations. The primary goal of any business is to meet the needs of customers while generating revenue. In today's economy, businesses play a crucial role in job creation and economic development. They can vary in size and structure, including sole proprietorships, partnerships, and corporations. Understanding the dynamics of business is essential for anyone looking to succeed in the competitive marketplace.