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.
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