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Invest 10 minutes a day for 30 days to grow your understanding of Economy.
An organization or economic system where making, buying, or selling goods or providing services in exchanged for one another or money; that is done by a store, company, factory, etc.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
Most people do not understand trading (barter) in which goods or services are exchanged without the use of cash.
Resorted-to usually in times of high inflation or tight money, barter is now a common form of trading in deals such as offers to buy surplus goods in exchange for advertising space, goods or services, or other consideration.
Advent of internet has transformed bartering from largely person-to-person to mainly business-to-business exchange where items ranging from manufacturing capacity; to steel and paper; to labor etc are bartered across international borders on a daily basis.