Business is the social science of the Managing people to organize and maintance collectively productivity to achive there Goals. Business means The State of being Busy. People work for improving their productivity and earning money is Called business. in Socialy Business Means exchange of goods and services for earning money and Profit. Socialists advocate either government, public, or worker ownership of most sizable businesses. Some advocate a mixed economy of private and state-owned enterprises. Others advocate a capitalist economy where all, or nearly all, enterprises are privately owned.

Types of the Business OwnerShip:

1) Sole Proprietorship: A Business owned by one person. The owner of the business has total and unlimited personal liability of the debts incurred by the business.

   
 
 

2) Partnership: A partnership is a form of business in which two or more people operate for the common goal of making profit.

3) Cooprative business: use a cooperative business structure: for-profit, limited liability, but with members of the co-op share decision-making authority.

4) Private Limited Company (Ltd): a small to medium sized business that is often run by the family or the small group who own it.

5) Public Limited Company (Plc): a business with limited liability, A wide Spread of Sharesholders or invester is called public limited Company.

6) Franchise: It is new Populer Form of the business, There is Where an individual or Small Business is given the Right To use the Identity and sell the product and or services of the another firm.

Organisation Of the Business: Most businesses must accomplish similar functions regardless of size, legal structure or industry. These functions are often organized into departments. Depatments are Accounting, Capital, Human resources, Marketing and Sales, Oprations, Purchasing, Reserch and Development, Communication and public Reletion, internal Audit, Managment.

 
 
 
 
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