Business is an organized process of exchanging goods and services to make profit. It is a form of commerce and includes a range of activities like manufacturing, marketing, finance, and distribution. A business can also be a non-profit organisation that works towards charitable goals and promotes social change.
A business can be a sole proprietorship, partnership, corporation, or not-for-profit organisation. The main objective of a business is to generate profit, however, not all businesses aim for this. The business industry is a vital part of any economy, contributing to its growth by supporting other sectors and increasing employment opportunities. With a strong and consistent business sector, a country can prosper, develop its infrastructure, and provide jobs to its citizens.
The importance of business news is growing as more and more young people start their investment portfolios, become active stakeholders in the economy, and take control of their financial future. Business journalism empowers them to make informed decisions about their investments and financial choices, keeps them updated on market shifts, and holds business leaders accountable through impactful reporting.
Detailed breakdowns of government regulations, tax laws, and business practices help people contextualise the economy and decide what is best for them and their families. Clear information, unbiased analysis, and detailed reporting by business media help people stay safe from frauds and scams, understand the economic landscape better, and contribute to a more equitable society.