About business

Business is an economic activity which includes all those activities whose purpose is to earn profit by transfer or sale of goods and service .Business also a quite a flexible term .Under it ,all those activities are covered which transform the raw material derived from nature into finished product by using men and machines. Another term is a wider term and therefore ,all the economic activities come under business. However,if all the economic activities are treated as business then theft ,dacoity,etc.will qualify themselves to be treated as business because their objectives is also to earn money .but it is essential for any human activity to be designated as business to indulge in the exchange of things or services and these activities should be pursued regularly with a view to earn profits. For examples,if a person sell his house because of some urgency,he gets profits out of it but that person is not doing this activity regularly and hence ,it cannot be called business.but if the same person does it as a property dealer ,the sale of a house will be called business.The other thing is that the economic activity should be lawful also and ,therefore,theft and dacoity cannot come under the range of business. In addition , business can be taken in two sense.In the restricted sense ,business will be treated as the purchase and sale of things.But in the broader sense of the term,business is the sum total of all those activities which take place right from the production of goods and services down to the task of taking them to the consumers. Here services mean those activities which are connected with carrying of goods from the place of production and taking them to the place of consumption .It includes transport,communication,insurance,storage and banking.

About political
Political is science of government that part of ethics which have to do with the regulation and government of a nation or state, the preservation of its safety, peace, and prosperity, the defines of its existence and right against foreign control or conquest, the growth of its strength and resources, and the protection of it citizens in their rights, with the preservation and improvement of their morals. It also applied to public affairs, and, as those are forever changing, what is wisdom to-day would be folly and perhaps, ruin to-morrow. Politic is not a art so properly as a business. It cannot have fixed principles, from which a wise man would never swerve, unless the inconstancy of men's view of interest and the unreliability of the tempers could be fixed.

Politic and business related

The Political can be simply described as the laws and regulations that business has to follow in order to make sure the business owners do not get arrested, or have the business fined for noncompliance of some regulation.Laws are made by politicians who enact these laws based on the likelihood they will get re-elected. The political environment is affected and effected by politicians who in turn are influenced by changes and challenges in the social - cultural enviromment (languages, ethnicity, immigration etc.), challenges in the economic enviromment (currency exchange rates, corporate activity, unemployment rates) and also to some extent the geographic environment in terms of how the region is laid out, rivers, mountains, proximity to other countries, weather, seasons etc. The Political environment is often a direct consequence of the political parties in power, which represents the popular opinion of the citizens of the region. If the citizens are, for example, pro-Big Business then probably taxation will be modest and there will not be a lot of stringent rules about environmental considerations.If the citizens are very concerned about safety issues, for example, then there will be a lot of rules and regulations governing things such as transportation safety, which will make it more expensive for some companies that have big shipping costs. The rules and regulations created by the politicians, which can defined also as a legal have significant influence on the cost of running a business and the way it can market products and services For example in Canada there are severe regulations about advertising for alcohol and tobacco.These regulations will effect the way Canadian companies have to operate when they do business in the U.S. A large share of corporate Canada, measured by market capitalization, must comply with new US securities rules, since it has been economically better to raise capital in New York than in Toronto. Complying at the same time with 10 provincial and three territorial regulators seems to be a rather costly and unnecessary exercise, when the 180 or so companies that do that need only one regulator. The cost of complying with provincial regulations is quite substantial for medium-sized and small businesses.So Canadian companies are troubled by having to comply with U.S. regulations, at the same time as meeting Canadian federal and provincial regulations.