Business Business means buying and selling to earn money after investing money. Every business word can be extended in that way to social or literary use. The activity of providing goods and services involving financial and commercial and industrial aspects. The principal activity in your life that you do to earn money. Business concerns collectively Types Of Business: There are three types of business. 1-Manufacturing Concern: Using labor and capital to convert raw materials into finished or semifinished goods. 2-Trading. The business of buying and selling commodities; commerce. 3-Services. An act or a variety of work done for others, especially for pay.