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In economics, business is an organization that sells goods or services to consumers or other businesses, to make a profit.

In a capitalist economy, where most businesses are owned by private parties, business set up to make a profit and increase the prosperity of their owners. Owner and operator of a business get rewarded according to the time, effort, or capital they provide. But not all businesses pursue this advantage, such as business co-operative that aims to improve the welfare of all members or a government institution that aims to improve people's welfare. This business model contrasts with the socialistic system, where big business is owned mostly by the government, the public, or a union.