Economy

What is business? »Its definition and meaning

Anonim

The word business has an etymological origin from the Latin nec otium which means what is not leisure; In Roman times otium was considered the free time that a person had and what activity they performed in that period of time, for which they did not receive any type of reward, in this way business meant the work they did in their free time and it was paid. In this way we can describe the word business as a purely lucrative activity, over time it can evolve having stability and organization considering itself a company, but this will depend on the administration of resources, which must be careful to achieve success.

Thus, business is considered to be any work or activity carried out in order to receive money in exchange for this, being then one of the pillars for the economy of a country or nation, businesses can vary depending on the activity that is carried out. However, as a human activity that involves money, businesses are governed by laws that seek the welfare of operations in a company, all those who violate these laws imposed by each country, is considered an illegal or fraudulent business.

Finally, business is determined as the transaction where two parties exchange goods with each other, this in exchange for the payment of a price imposed by the entity that offers the service, this exchange can be considered as a barter between the businessman and the public that benefits From his job.