business and business Business is the activity of producing, buying and selling goods and services. A business, company, firm or more formally, a concern, sells goods or services. Large company considered together are referred to as big business.
A company may be called an enterprise, especially yo emphasize its risk-taking nature. Businesses vary in size, from the self-employed person working along, through the small or medium enterprise(SME) to the large multinational with activities in several countries.
A large conpany, ecpecially in the US, is a corporation. The adjective, corporate, is ofte used in these conbinations:
Commerce commerce is used to refer to business: in relation to other fields:'literature, politics, and commerce'. in relation to government departments that deal with business: the US Department of commerce. in the names of organizations which help business: chambers of commerce. on the Internet: electronic commerce or e-commerce
Enterprise In 1970s britain, there were state-owned or government-owned companies in many different industries such as car manufacturing and air travel. Some industries had been natonalized and were entirely state-owned, such as coal, electricity and telephone services. in the 1980s, the government believed that nationalized companied were bureaucratic and inefficient, and many of them were privatized and sold to investors. Enterprise is used in a positive way to talk about business, emphasizing the use of money to take risks.
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