The definition of business is an occupation or trade and the purchase and sale of products or services to make a profit. An example of business is farming . An example of business is a house sale. Business Definition : Business is defined as an organised economic activity, wherein the exchange of goods and services takes place, for adequate consideration. It is nothing but a method of making money, from commercial transactions. It includes all those activities whose sole aim is to make available the desired goods and services to the society, in an effective manner. It is a systematic attempt of the businesspersons to produce goods and services, and sell them at the market, to reap the reward, by way of profit. Profit plays a pivotal role, as all the business activities are directed towards it, because it works an incentive to the entrepreneurs, for their efforts, and thus, necessary for every business. Characteristics of Business Economic Activity : Business is an eco...