Education and Career Forum

what is business? what are the features of business? what is the advantages and disadvantages of business?

Business is an economic system in which goods and services are exchanged to one another or for money on the basis of their worth.
Features of Business:
it should be consistent.
should be of sustainable development.
should be eco friendly.
should have vast knowledge in the sector in which our business is there.
Should meet the requirements of end user.
Should be productive.
Advantages and disadavantage:
We can earn profits if is delivered well.
can give employment to many.
can be part in economic growth.
can produce the goods and provide the services helpful for the people.
can get self employment.

if it is not delivered in planned manner then we can get losses.
can effect the economic growth.
need to have firm and investment in the biginning only.
lot of planning and well execution is required.