DEFINITION of 'Business'

1. An organization or enterprising entity engaged in commercial, industrial or professional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricultural cooperative.

2. Any commercial, industrial or professional activity undertaken by an individual or a group.

3. A reference to a specific area or type of economic activity.


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1. Businesses include everything from a small owner-operated company such as a family restaurant, to a multinational conglomerate such as General Electric.

2. To "do business" with another company, a business must engage in some kind of transaction or exchange of value with that company.

3. In this sense, the word "business" can be used to refer to a specific industry or activity, such as the "real estate business" or the "advertising business".

  1. Conglomerate

    A company that owns controlling stake in a number of smaller ...
  2. Business Cycle

    The fluctuations in economic activity that an economy experiences ...
  3. Demographic Dividend

    The freeing up of resources for a country's economic development ...
  4. Business Activities

    Any activity that is engaged in for the primary purpose of making ...
  5. Business Tax Credits

    A number of federal income tax credits available to businesses ...
  6. Corporation

    A legal entity that is separate and distinct from its owners. ...
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