A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers and other enterprises. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives.
A business owned by multiple individuals may be formed as an incorporated company or jointly organized as a partnership. Business can refer to a particular organization or to an entire market sector, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.