What is a Business?

by Fahad Abdur

Welcome to my blog on Business (year 10-year 11)

A Business is an organisation involved in the trade of goods (physical items), services or both to customers.

Business are a prevalent in capitalist economies where most of them are privately owned and provide goods and services to customers in exchange of other goods (barter), services or money.

A business idea is a concept which can be used for commercial purpose. It typically centers on a commodity or service that can be sold for money according to a unique model.

To start up your own business you’ll first need to come up with a realistic idea that you can turn into a product or service. You will also need skills and loads of money. You will also need money to advertise your item or service. Like this one for example (watch the videos):

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