''BUSINESS WORLD'' such a great topic to write. business means an economic activity which is performed by an individual to to get profit by purchasing and selling of goods. A person starts business to earn money for there livelihood. Business also plays a very major role in development of a country. Business is the activity which is performed in all over the world. Business is one and only activity through which we earn a very big profit just in a minute. we didn't become a big and rich person by doing a whole life job but through business we will get either profit or either loss. Business is all about risk if you take a big risk you have 2 possibilities either big profit or big loss. the person who take risks in business he's a good business man. business in one and only activity which full fills the human wants buy purchasing and selling of goods. business is like thread which joins the producer to consumer. producer are factory and consumers are human beings so business plays a very major role in that.
there are various forms of business organisation :-
1) SOLE PROPRIETORSHIP
3) JOINT HINDU FAMILY BUSINESS
4) COOPERATIVE SOCIETIES
5) JOINT STOCK COMPANY
these are the various types of organisation of business.
SOLE PROPRIETORSHIP :- sole proprietorship is the activity which is performed by an individual. there is only one person who owned and manage the business . sole proprietorship is suitable for small business.
PARTNERSHIP :- partnership is an activity which is performed by more than one person. the minimum 2 and maximum 20 members are in partnership. partnership is suitable for big business in which the business is owned and managed by the number of partners.
at last i want to say that business is very important in our life and it is one of the major activity in daily life.