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Business is the exercise of constructing one’s living or earning money by producing or shopping for and selling merchandise ( items and providers ). 1 2 3 four Merely put, it is “any exercise or enterprise entered into for profit. It does not imply it is a company, a corporation, partnership, or have any such formal organization, but it could actually range from a avenue peddler to Normal Motors.” 5 The time period is also usually used colloquially (however not by legal professionals or public officials) to refer to a company , however this text won’t take care of that sense of the phrase.