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Business is the activity of constructing one’s residing or earning money by producing or buying and selling items or providers. 1 2 three four Merely put, it is any exercise or enterprise entered into for revenue. It doesn’t mean it’s a firm, a corporation, partnership, or have any such formal group, however it will possibly range from a street peddler to Normal Motors. 5 The time period can be typically used colloquially (but not by attorneys or public officials) to refer to an organization , however this article will not take care of that sense of the phrase.