What is a business?
Q: What is a business?
A: A business is an organization where people work together to make and sell products or services. The owner of the business hires people for work, and the business can earn a profit from what it offers.
Q: Where does the word "business" come from?
A: The word "business" comes from the word "busy", which means doing things on a regular basis.
Q: How was the joint-stock company invented?
A: The joint-stock company was invented by some people putting up money as capital, and others using it to run the business. This idea was invented in medieval times but really flowered in the 19th century.
Q: What are some examples of businesses?
A: Examples of businesses include small barber-shops and big companies like Microsoft that employ thousands of people all over the world. Some businesses need fixed locations such as an office, store, or farm while other businesses require workers to go to different locations such as carpenters or electricians who bring everything they need for work in their truck.
Q: What does it mean when someone says "my business is good"?
A: When someone says "my business is good", they are referring to how well their current state of business is going - whether they are making profits, gaining customers, etc.
Q: Is there a law governing businesses?
A: Yes, there is a law which states that this kind of company (a joint-stock company) has a legal life separate from its owners or shareholders so that it can outlive those who started it.
