A business is an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. A business owned by multiple individuals may be structured as a partnership, limited liability company, corporation, or other type of entity. The specific structure of a business depends on the legal jurisdiction in which it operates.
The word business can refer to a particular organization or to an entire market sector (such as the media business). Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services.