A business is an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. The term "business" encompasses a wide range of activities and structures.

• Commercial Activities: Buying, selling, or trading goods or services to make a profit.
• Industrial Activities: Manufacturing or producing goods.
• Professional Activities: Providing specialized services, such as legal, medical, or consulting services.

Here are some key aspects of a business:

• Purpose: Businesses are typically formed to provide goods or services that meet the needs or wants of consumers or other businesses.
• Organization: Businesses can range from small, single-person operations to large, multinational corporations. They can be structured as sole proprietorships, partnerships, limited liability companies (LLCs), or corporations.
• Profit: While some businesses are non-profit organizations, many aim to generate a profit for their owners or shareholders. Profit is the revenue remaining after deducting all expenses.
• Operations: Businesses involve various functions, including production, marketing, sales, finance, and human resources.
• Legal and Regulatory Compliance: Businesses must comply with various laws and regulations at the local, state, and federal levels.

For more detailed information, you can refer to the following resources:

• Investopedia's definition of a business: Investopedia
• A simplified explanation of business: WallStreetMojo