There are many definition has for business but today i will give 4 simple definition of business. Below are a few well know definitions of business given by eminent writers.



1. L.H. Haney : Business may be defined as human activities directed towards providing or acquiring wealth through buying and selling goods.

2. Norman Research Owens: Business means an enterprise engaged in the production and distribution of goods for sale in a market and the rendering of services for price.

3. Gloss & Baker: Business is basically a joint or joint effort of people: It explains the production, distribution and all the functions of the people who help them.

4. R.V. Bobson: Business is about making profit, goods, services and ideology, Explains production distribution and all their supporting functions.

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