Definition of BUSINESS


Business is a noun that primarily refers to commercial activities, operations, or enterprises engaged in the production, sale, or exchange of goods or services for profit. It can be understood in various contexts:

Commercial Enterprise: In the broadest sense, business encompasses all activities related to the production, distribution, and consumption of goods and services within an economy. This includes small-scale enterprises, multinational corporations, and everything in between.

Businesses vary in size, structure, and scope, ranging from sole proprietorships and partnerships to corporations and conglomerates operating across multiple industries and regions.

Financial Transactions: From a financial perspective, business involves transactions, investments, and activities aimed at generating revenue, maximizing profits, and managing expenses. This includes buying and selling goods, investing in assets, and securing funding for expansion or operations.

Businesses employ financial strategies, such as budgeting, forecasting, and risk management, to optimize financial performance and achieve long-term sustainability.

Professional Practice: In the context of professional services, business refers to the activities and operations of firms or individuals providing specialized services such as consulting, legal advice, accounting, or marketing. These businesses offer expertise and solutions to help other businesses achieve their goals.

Professional service firms often operate in competitive markets, relying on reputation, expertise, and client relationships to attract and retain customers and drive business growth.

In summary, “business” is a noun that describes commercial activities, operations, or enterprises engaged in the production, sale, or exchange of goods or services for profit. It has applications in various contexts, including commerce, finance, entrepreneurship, and professional services, where understanding and managing business activities are essential for economic growth, prosperity, and innovation.

Examples of BUSINESS in a sentence

  • The family-owned business had been passed down through generations.
  • Starting a business from scratch required determination and hard work.
  • The business community rallied together to support local entrepreneurs.
  • She was in charge of managing the day-to-day operations of the business.
  • The business sector was hit hard by the economic downturn.
  • They celebrated the success of their business with a grand opening event.
  • The business world is constantly evolving, requiring adaptability and innovation.
  • She dreamed of one day owning her own business.

Origin of BUSINESS 

The term business has its etymological roots in the Middle English word “businesse,” derived from the Old English word “bisignes,” which meant “anxiety” or “care.”

  • Old English Origins: The term business evolved from the Old English word “bisignes,” which referred to the state of being busy or occupied with affairs. This term encompassed not only commercial activities but also concerns, tasks, or duties that occupied one’s time and attention.
  • Middle English Transition: In Middle English, “bisignes” evolved into “businesse,” maintaining its core meaning of being occupied or engaged in various activities. During this period, the term began to acquire specific connotations related to commercial and economic endeavors.
  • Expansion of Meaning: Over time, business broadened in scope to encompass a wide range of activities related to commerce, trade, and industry. It came to represent the organized efforts and transactions undertaken by individuals, organizations, or enterprises to produce goods or services and generate profit.
  • Contemporary Usage: In contemporary usage, business refers to the activities, operations, and transactions conducted by individuals, corporations, or other entities for the purpose of financial gain or economic exchange. It encompasses various sectors, including finance, manufacturing, retail, services, and more.

From its Old English origins as “bisignes” to its modern usage as business, the term reflects the evolving nature of human endeavors, encompassing not only commercial activities but also the broader spectrum of organized efforts aimed at achieving specific objectives or outcomes.


  • Enterprise
  • Company
  • Firm
  • Establishment
  • Corporation
  • Trade
  • Industry
  • Commercial enterprise


  • Nonprofit
  • Charity
  • Volunteer work
  • Hobby
  • Leisure
  • Recreation
  • Pastime
  • Amusement


  • Commerce
  • Trade
  • Merchandising
  • Undertaking
  • Pursuit
  • Dealings
  • Occupation
  • Affair

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