A business is an organised economic activity,
aiming at producing and exchanging goods
and services, carried out by an entrepreneur.
Said economic activity aims at generating
wealth, not only by producing goods and
services (like farms, industrial and handicraft
companies), but also through outlets,
transport, bank and insurance activities.
Study and research activities cannot be
considered as economic activities, and
neither can sports, art (the activity
carried out by painters, sculptors, etc.)
or the activities performed by independent
Any economic activity is deemed organised
if it is carried out by a group of people
under the guidance of a professional entrepreneur,
within a company. The latter consists
of the overall assets (premises, machinery,
equipment, furniture etc.) organised by
the entrepreneur with a view to carrying
out a business activity.
Organising a business means managing and
coordinating the company’s personnel
and managing its property.
activity is considered a professional
activity if it is carried out on a regular
basis, as opposed to occasionally performed
jobs. However, professional activities
may also be periodic, as it is the case
for organised seasonal activities, which
are anyway considered business activities.