Business Meaning and Definition
Business
Pronunciation
/ˈbɪznəs/
Part of Speech
Noun
Definition
A social entity that operates for profit, often run by a group of individual investors who share the risks and benefits of its existence.
Etymology
The word “Business” has its roots in Old French and Latin, where it was derived from the term “negotium”, meaning “trade” or “commerce”.
Usage Notes
When referring to a specific business entity, use the definite article “the” (e.g., “The company is expanding”). When referring to business in general, use the indefinite article “a” (e.g., “A business plan is crucial for success”).
Cultural References
In the 2005 film “The 40-Year-Old Virgin”, the protagonist’s coworker, Michael Scott, is a representation of a stereotypical American businessman.
Idiomatic Expressions or Phrases
- “In business for myself but not by myself”
- “It’s not just about the business, it’s about the people”
Related Words or Phrases
- Entrepreneur
- Enterprise
- Industry
Collocations
- Business plan
- Small business owners
- Global business
Frequency of Use
The word “Business” is commonly used in everyday language, particularly in professional and commercial settings.
Common Misspellings
- Bisness
- Bussiness
Additional Information
A business can take many forms, such as sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. The main goal of a business is to generate profit and increase its value over time.
Businesses can be found in almost every industry, from finance to healthcare to entertainment. They play a crucial role in the economy, providing jobs, goods, and services to people around the world.