In economics, business is an organization that sells goods or services to consumers or other businesses, for a profit. Historically the business of the English word business, busy from the word which means "busy" in the context of the individual, community, or society. In that sense, busy with activities and work that generates revenue.
In capitalist economies, where most businesses are owned by private parties, business set up to make a profit and increase the prosperity of their owners. The owner and operator of a business get rewarded according to the time, effort, or capital they provide. But not all businesses pursuing this advantage, such as business co-operative that aims to improve the welfare of all its members or government institution that aims to improve the welfare of the people. This business model contrasts with the socialistic system, in which large businesses are mostly owned by the government, the public, or unions.
In capitalist economies, where most businesses are owned by private parties, business set up to make a profit and increase the prosperity of their owners. The owner and operator of a business get rewarded according to the time, effort, or capital they provide. But not all businesses pursuing this advantage, such as business co-operative that aims to improve the welfare of all its members or government institution that aims to improve the welfare of the people. This business model contrasts with the socialistic system, in which large businesses are mostly owned by the government, the public, or unions.
Etymologically, the business means a state in which a person or group of people busy melkakukan jobs that generate profits. The word "business" itself has three uses, depending skupnya - singular use of the word can refer to business entities, namely the unity of the juridical (legal), technical, economical and aiming for profit or gain. Wider use can refer to a particular market sector, such as "television business." Most widespread use refers to all activities undertaken by community providers of goods and services. Nevertheless, the definition of "business" right is still a matter of debate to this day.
Here are a few definitions Business According to the experts:
1. Huat, Chwee T (1990)
Business in the broadest sense is a general term that describes all of the activities and institutions that produce goods and services in everyday life. Business as a system that produces goods and services to satisfy the needs of the community (bussinessis then simply a system that produces goods and service to satisfy the needs of our society.
2 Steinford (1979)
Business is an institution the which produces goods and services DEMANDED by people. "That business is an organization that produces goods and services required by the community. If the community needs to increase, the agency will also increase business development to meet those needs, while gaining profits.
3 Griffin and Ebert (1996)
"Business is all Reviews those activities INVOLVED in providing the goods and services needed or Desired by people". In this sense as a business activity that provides goods or services needed or desired by the consumer. Can be done by corporate organizations that have a legal entity, a company that has business entities, and individuals who do not have the legal entities and business entities such as street vendors, food stalls do not have a location permit (SITU) and Business Permit (License) and other informal business.
4. Hughes and Kapoor
"Business is an organization that provides goods or services in order toearn in profit". In line with this definition, business activities through the provision of goods and services intended to generate profit (profit). A company is said to produce a profit if total revenue on a period (Total Revenues) is greater than the total cost (Total Costs) in the same period. Profit is the main attraction for the conduct of business activities, so through profit businesses can develop scale efforts to promote greater profits.
5. Allan Afuah (2004)
"Business is the organized effort of individuals to produce and sell for a provit, the goods and services that satisfy societies needs. The general terms of business refer to all such Efforts within a society or within an industry. That business is an individual business activities organized to produce and sell goods and services in order to gain advantage in meeting the needs of the community and in the industry. People who seek money and time to take the risk in running a business called Entrepreneur.
6. Glos, Steade and Lowry (1996)
Business is a set of activities undertaken to create a way to develop and transform various power cracked into goods or services that consumers want.
7 Musselman and Jackson (1992)
Is the sum of all activities organized by people who have been in the field of commerce and industry that provide goods and services to the need to maintain and improve standards and the quality of their lives.
8. Mahmud Machfoed
Business is a trading business conducted by a group of people organized to gain profit by producing and selling goods or services to meet the needs of consumers.
9 Brown and Petrello (1976)
"Business is an institution the which produces goods and service DEMANDED by people." That business is an organization that produces goods and services required by the community. If the community needs to increase, the agency will also increase business development to meet those needs, while gaining profits.
10 Steinford (1979)
"Business is all Reviews those activities INVOLVED in providing the goods and services needed or Desired by people." In this sense as a business activity that provides goods or services needed or desired by the consumer. Can be done by corporate organizations who have a legal entity, a company that has business entities, and individuals who do not have a legal entity or business entity such as street vendors, food stalls do not have a location permit (SITU) and Business Permit (License) and other informal business.
11. Griffin and Ebert (1996)
"Business is an organization that provides goods or services in order to earn in profit." History with the definition, business activities through the provision of goods and services aimed at generating prifit or (profit). A company is said to produce a profit if total revenue on a period (Total Revenues) is greater than the total cost (Total Costs) in the same period. Profit is the main attraction for the conduct of business activities, so through profit businesses can develop scale efforts to promote greater profits.
12. Hughes and Kapoor
"Business is the organized effort of individuals to produce and sell for a profit, the good and services that satisfy societies needs. The general terms of business refer to all such Efforts within an industry. That business is a an individual business activities organized to produce and sell goods and services in order to gain advantage in meeting the needs of society and in industry. People who mengusahan money and time to take the risk in running a business called Entrepreneur.
13. Allan Affuah (2004)
Business is a set of activities undertaken to create a way to develop and transform the resources into goods or services that consumers want.
14. Glos, Steade and Lowry (1996)
Is the sum of all activities organized by people who have been in the field of commerce and industry that provide goods and services to the need to maintain and improve standards and the quality of their lives.
15. Musselman and Jackson (1992)
An activity that meets the needs and economic communities and the company is organized to engage in such activities.
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