Business and Industry
Business and Industry are two terms which seems to be same but have a great difference in meaning. The word business means to get profit by producing or selling product and a person who is involved in this activity is know as a businessman.The term industry means to build organization or company for the achievement of a desired goal. The person those who are working for the development of industry are known as industrialist.
A business is more profit oriented as compare to an industry, it doesn't deal with the society but industry are also desired for profit but they are society oriented.
A business always work for it's product, profit and popularity but industry work on more than that as it provides employment to the human resource,provide transportation facility and even an industrial people are also being made available to good education and healthcare facilitation. Which a business is not going to provide it only work over it's beneficial field.
So it is important to know the pros and cons of these two aspects as an industry can be a business but a business can not be an industry.
A business is more profit oriented as compare to an industry, it doesn't deal with the society but industry are also desired for profit but they are society oriented.
A business always work for it's product, profit and popularity but industry work on more than that as it provides employment to the human resource,provide transportation facility and even an industrial people are also being made available to good education and healthcare facilitation. Which a business is not going to provide it only work over it's beneficial field.
So it is important to know the pros and cons of these two aspects as an industry can be a business but a business can not be an industry.
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