Business

Historically, the term business referred to activities or interests. By extension the word became (as recently as the 18th century) synonymous with "an individual commercial enterprise". It has also taken on the more general meaning of "a nexus of commercial activities".

Businesses are established to perform economic activities. With rare exceptions (such as co-operatives, corporate bodies, non-profit societies and institutions of government), they are for-profit ventures. That is, one of the main objectives of the owners and operators of the business is to receive a financial return for their time and effort.

There are many ways to classify types of businesses. Service businesses offer intangible products and typically have different, usually smaller, capital requirements than manufacturers. Distributors will have different inventory control needs than a retailer or manufacturer.

In most legal jurisdictions, the forms that a business can take are specified and a body of commercial law has been developed for each type. The most common types are partnerships, corporations, and sole proprietorships.

An industry is a group of related businesses: for example: the "entertainment industry", or the "dairy industry", or the "fishing industry".

Business-related topics



In the News

Powerful Days in Black and White
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Biosensors To Probe The Metals Menace
New technology can warn people if their local water or air is contaminated with dangerous levels of toxic heavy metals and metal-like substances. They are studying the changes that take place in a unique water microbe when it is exposed to arsenic, cadmium and lead -- industrial and natural contaminants around the world.

Scientists use light to map neurons' effects on one another
Scientists have used light and genetic trickery to trace out neurons' ability to excite or inhibit one another, literally shedding new light on the question of how neurons interact with one another in live animals.

Combination Therapy Stops Loss Of Kidney Function In Rare Genetic Dise
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Skin Rash Actually Signifies Better Outcomes For Pancreatic And Lung C
The appearance of a rash in cancer patients treated with erlotinib (Tarceva) is strongly associated with longer survival, according to researchers from the drug's developer, OSI Pharmaceuticals, Inc. This is not the first time that rash has been associated with a survival advantage with EGFR inhibitors -- a class of drugs which includes erlotinib, cetuximab, panitumumab and others designed to block overproduction of the epidermal growth factor receptor -- but it is the most detailed analysis to date.

DNA Is Dynamic And Has High Energy; Not Stiff Or Static As First Envis
Nobel laureates Drs. Francis Crick and James Watson's first model of DNA is shown as a rigid double helix. However, the model is a stiff snapshot of idealized DNA. As researchers now note, DNA is not stiff or static. It is dynamic with high energy existing naturally in a slightly underwound state and its status changes in waves generated by normal cell functions.

Speedier Skis On Course For World Cup Glory
Skis equipped with an ingenious new self-waxing device that enables them to travel quicker could make a dramatic entry onto the skiing scene in the 2008-09 World Cup season. The device continuously applies fresh wax to the bottom of the ski during a race. Its developers are now working with manufacturers, with the aim of incorporating it into skis used in top-class international competition as early as next year.

Scientists take theoretical research on 'nasty' molecule to next level
Some atoms don't always follow the rules. Take the beryllium dimer, a seemingly simple molecule made up of two atoms. For decades, scientists believed the two atoms that compose the beryllium dimer repelled each other. Scientists have now confirmed a 12th and highest vibrational level for the beryllium molecule.

Fate Of Nano Waste: Researchers Study How To Make Nanomaterial Industr
Research into making the emerging nanomaterial industry environmentally sustainable is showing promise in a preliminary engineering study conducted at the Georgia Institute of Technology and Rice University.

Be Kind RewindDirector Michel Gondry Forgoes Dreamy Plots
Michel Gondry is famous for making films with backward plots and gauzy sequences. His new work, about two video-store clerks who remake famous movies, is a straight-up narrative with crowd-pleasing Jack Black pratfalls. But don't worry — Gondry's still messing with Hollywood.




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