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By Edited Mar 15, 2016 3 1

From when man first exchanged his food for a tool, the concept of business was born.

The Oxford English Dictionary defines business as "• noun 1 a person's regular occupation or trade. 2 work to be done or matters to be attended to. 3 a person's concern. 4 commercial activity. 5 a commercial organization. 6 informal a difficult or problematic matter. 7 (the business) informal an excellent person or thing. 8 actions other than dialogue in a play."

The business of trade is something in which the vast majority of us live our lives, to some it is a career we climb or trap of work we cannot escape.

Business is the world as we know it, grown in degrees through the ages. It is the selling of an item or an idea, a bond between more than one party, whether that be a villager bartering goats milk for rice or a global bank agreeing to fund a country's debt.

Man's spirit of enterprize shows no bounds. During the industrial revolution we built bridges, roads and railways of such magnitude that a generation before thought impossible. Now we are in the virtual revolution, where business is measured in seconds and billions move around the world via satellite and optical technology.

Business pushed our pioneers and explorers to new horizons, discovering new cultures, countries and of course riches to be traded. Ultimately proving the world wasn't flat after all!

Like it or not, our desire to earn money has created the society we live in, from amazing medical advances and cures, to increased food production and even the ability to fly.

An inventor's purest idea and genius is always monetized, an artist's masterpiece is traded and collected, a musician's composition is recorded and sold.

In our society we can categorize business into the following:

Agriculture and Land - Using the land and its product to farm or extract raw materials

Manufacturing - Turning raw products into an item that can be sold

Retail and Distribution - Selling manufactured goods and food

Finance and Banking - Management of capital used for investment and other services

Transportation - Delivery and logistical planning of the delivery of goods

Real Estate / Property - Ownership of land and construction of buildings and infrastructure

Utilities - Public services and essential supplies such as Gas, Water and Electricity

Information Management - Profit from intellectual property which could be anything from software development, a movie script, a weapons defense system and everything in between.

Business does indeed make the world go round. Business is our conscience and the nature of who we are. It is our duty for the next generation to find the balance of our base desire to trade and improve our lifestyle while at the same time protecting our environment and look after the resources that remain.



May 17, 2011 11:35am
Thanks for an interesting article.
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