Test

A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers.[1] Businesses are predominant in capitalist economies, where most ofthem are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may bereferred to as a company, although that term also has a more precise meaning.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doingcommercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to aparticular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services.However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
Basic forms of ownership
Although forms of business ownership varyby jurisdiction, several common forms exist:
* Sole proprietorship: A sole proprietorship is a business owned by one person for-profit. The owner may operate the business alone or may employothers. The owner of the business has unlimited liability for the debts incurred by the business.
* Partnership: A partnership is a business owned by two or more people. In most forms ofpartnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of for-profit partnerships are general partnerships, limited partnerships, and limitedliability partnerships.
* Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either government-owned or...