Business refers to the organized effort of individuals to produce and sell goods or services for profit. It encompasses various activities, including marketing, finance, and operations, and can range from small local shops to large multinational corporations. The primary goal of a business is to meet customer needs while generating revenue. Entrepreneurship is the process of starting and managing a new business venture. Entrepreneurs are individuals who take risks to innovate and create new products or services, often addressing gaps in the market. Successful entrepreneurship can lead to economic growth, job creation, and increased competition, benefiting society as a whole.