Isnin, 22 September 2008


Economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis.


A commercial activity engaged in as a means of livelihood or profit, or an entity which engages in such activities.

"carrying on a commercial or industrial undertaking of any kind or nature, or providing professional, personal, or other services for the purpose of gain or profit, but does not include an activity carried on by the government, its agencies, or government-owned corporations. For the purpose of this definition, farming and the sale of produce grown on the property, are exempt from the requirement to obtain a business license."

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