Basic concepts of business

Enterprises generally refer to legal persons or other social entities that use various production factors (land, labor, capital, technology and entrepreneurial talents, etc.) to provide goods or services to the market for the purpose of profit, and implement independent operations, be responsible for their own profits and losses, and have independent accounting.

economic organization.

It is a product of social development and grows and grows due to the development of social division of labor.

Enterprises are the main participants in market economic activities; under the socialist economic system, various enterprises coexist and constitute the micro-foundation of the socialist market economy.

There are three basic organizational forms of enterprises: sole proprietorships, partnerships and companies. Corporate enterprises are the most important and typical organizational form in modern enterprises.