All about Business || What is Business

Business

         

              The exchange of goods and services for cash or on credit is Business. If you start selling products or render services, you become business man.

Types

Local 

              Confined to a limited area is called local business.

National

            Business inside country among states comes in this group

Foreign

               Business between contries in world is known as foreign busienss

Small scale and Large scall business

The busienss with low investment is called small scale busienss while heavy investment for busienss is termed as large scale business.

In Detail

Business helps to build up nation. It is the main source of income for employees as well as owners. Whatever may be its size but earning always flows in. But for business there would be no earning at all. Hence it is the back bone of all nations economy. When business generate demand for a particular product, the production for same go on. Ultimately there arise more employment, more transactions and more probability of economy strength.All tyeps of business starts with a expectance of better finanacial status in future. In order to strengthen economy of society, business plays a very crucial role. 

Local Busienss

This business takes place in a particular local area. Where all types of transactions held with in a certain confined area like small town, or villages or in district in broad sense. This includes production, buying and selling of local goods and services. The commodities are priced by local government body. 

State level business

When exchanges of goods and services takes place among districts of a state is called state level busienss. In this case goods and services are buying and selling inside state between districts. State government makes policies and work according to maintain this busienss.

Nation Level Busienss

If many states inside a country involves to exchange goods and commodities among them, then it is called nation level business. This helps to exchange local products throughout the nation. many big industries supply their products all over the country.

International Level Busienss

There are many agreements between various countries and continents for exchanging goods and services which is termed as international level business. In such pact different countries agree with counter part for selliing own commodities in foreign countries. All govt as well as public industries carry on such business.  

Business definition