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Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living. It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not …

…present, as well as forecasting future trends which has also proven to be necessary in order to operate as a successful business. In conclusion, it is obvious from my brief discussion that the term "Business" is very complex. When discussing it, one must consider many important sub-categories such as economic systems, the business cycle, business environments, types of businesses, government, management, marketing and advertising, each of which in and of itself is also very complex.