Introduction to Business

Business is not just being busy with something rather than Business is an economic activity busy with production and distribution of goods and service with a view to earn  profit with social responsibilities.  According to ownership, operating  objective and goal, there are many types of business. Business is for trading concern or non trading concern. It can be in production or for service oriented   or just merchandising. According to the invested capital business may be big, middle or small in size.

According to Business ownership, there are the major types of business are

• ·         Sole trader ship  Business
• ·         Partnership Business
• ·         Join sock company (Incorporation)
• ·         Co operative firm
• ·         Government enterprise

Most of the small business are in sole tradership or partnership or in co operative  firm and big business are in Government enterprise or in Join stock ownership with huge capital and run by many individuals. 
   

                    

                                       Know abut types of Business