Business is the activity of making a living or making money by producing or buying and selling products.
In short, every activity or business which is profitable.
This does not mean that it is a company, partnership or formal organization, but can range from street vendors to large companies.
The company name does not separate the business area from the owner, which means that the business owner is responsible and liable for the debts incurred by the company.
The term is also often used for a company. On the other hand, the company is an independent legal person and sets limited liability and corporate tax rates.
Building a corporate structure is more complicated and expensive, but offers more protection and benefits for the owner.
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Source: Wikipedia Business
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