A business (also called a company, enterprise or firm) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself.
Economy: Recognizable and cohesive group of economic performers (producers, labor, consumers) who interact largely together. Economies usually are recognized geographically (countries, states) or, occasionally, as worldwide industries.
@Chicago's Now Law Blog - ChicagoNow is an online community created by Chicagoans for Chicagoans. More than 10 million of us call ourselves Chicagoans. Some of us live in the city proper, many of us live in the suburbs and more than a few live a plane ride away. Our stories vary, but all of us are connected to Chicago. ChicagoNow is where we connect to each other online and share our interests.