enterprise
Sign in to saveorganizational unit producing goods or services, which benefits from a certain degree of autonomy in decision-making, especially for the allocation of its current resources
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An enterprise is an organizational unit that produces goods or services and has the freedom to make its own decisions, particularly about how to use its current resources. This autonomy matters because it allows the enterprise to respond more flexibly to its needs and circumstances rather than having all decisions made by a distant authority.
AI-generated from the Wikipedia summary — may contain errors.
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Small business vendors at a public market Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."
A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.