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Business is an organized effort by individuals or groups to produce and sell goods or services to satisfy human needs and earn profit. It is a systematic activity that involves investment of capital, utilization of resources, and management of operations to achieve specific economic objectives. Business is a fundamental part of an economy, providing goods and services, generating employment, and contributing to national development. It involves risk-taking, decision-making, and coordination of various functions like production, marketing, finance, and human resources. The features of business can be summarized as ____ _____ ____ ______ ______ __________ _____ ___.
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