What is the purpose of a buisness?

The purpose of a buisness:

What is a business?

A business is an organisation that produce goods or services to customers whilst making money.

What are goods and services?

• Goods are produced and consumed
• Services are provided by businesses at a price

What are the differences between a need and a want?

• A need is a good or a service that we have to have in order to survive. 
• Examples: Food,…