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which encompasses activity by the community of suppliers of goods and services

The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services.

However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.

 

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