Surgery

A low-cost mechanical device for minimally invasive surgery

Surgeons can now use a new type of mechanical instrument to perform complex, minimally invasive procedures, also known as laparoscopic surgery, thanks to researchers and small business entrepreneurs funded by the National ...

Diseases, Conditions, Syndromes

Study puts 'gluten-free' claims to the test

A first of its kind study led by Institute researchers has detected potentially harmful levels of gluten in foods sold and served as 'gluten-free' across Melbourne.

Ophthalmology

Novel drug to slow cataracts on their path to causing blindness

The innovators behind commercialising a world-first drug to slow cataract growth and to delay cataracts forming, have been named as one of five finalists in The University of Queensland (UQ) Business School's $100,000 Enterprize ...

Neuroscience

What makes brains of business leaders tick

Ground-breaking research will scan the brains of influential people to explore how they make decisions, using often complex and conflicting information.

Health

Health, life insurers hold billions in tobacco stocks

More than a decade after Harvard researchers first revealed that life and health insurance companies were major investors in tobacco stocks - prompting calls upon them to divest - the insurance industry has yet to kick the ...

page 1 from 12

Business

A business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include 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.

Business Studies, the study of the management of individuals to maintain collective productivity to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.

This text uses material from Wikipedia, licensed under CC BY-SA