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They are the units that perform most of the economic activity in our economy. Most businesses exist to generate a profit. There are some businesses that exist to perform a function other than profit, such as cooperatives and non-profit organisations and just professional research paper writing services available online. The traditional definition of a business is an entity that brings together time, effort and capital in order to produce a profit.
There are different ways of classifying businesses here are the main types:
Most people hold the view that it would not be successful to have businesses regulate themselves when it comes to vital areas of the public interest.