Business

Definition

Business refers to activities related to the production, sale, or exchange of goods or services for profit. Federal agencies have regulatory powers over businesses in areas such as trade practices, consumer protection, workplace safety regulations, and antitrust laws.

Related terms

Small Business Administration (SBA): A federal agency focused on providing support and resources to small businesses.

Corporate Responsibility: The ethical obligation of companies towards their stakeholders (e.g., employees, customers) and the wider society.

Market Regulation: Policies implemented by government entities (including federal agencies) to monitor market activities and prevent fraud or manipulation.