A business is an organization that sells goods or services to consumers or other businesses, to earn a profit. Historically the business word of the English business, from the basic word busy which means "busy" in the context of individuals, communities, or society. In a capitalist economy, where most businesses are privately owned, businesses are formed to gain profit and increase the prosperity of their owners. Owners and operators of a business get rewards according to the time, effort, or capital they provide. But not all businesses pursue such profits, such as cooperative business that aims to improve the welfare of all members or government institutions aimed at improving the welfare of the people. This business model is in contrast to the socialistic system, where large businesses are mostly owned by governments, the general public, or unions.
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