'Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."' ¹
Until something makes a profit it's a charity or predatory monopoly-in-waiting.²
Until something makes a profit it's a charity or predatory monopoly-in-waiting.
This is incorrect. There are millions of companies in the world that exist to accomplish things other than making a profit, and are also not charities.
99.9% of the time, it's an investment hoping to make a profit in the future. And we still call those businesses, even if they're losing money like most businesses do at first.
'Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."' ¹
Until something makes a profit it's a charity or predatory monopoly-in-waiting.²
¹ https://en.wikipedia.org/wiki/Business
² https://en.wikipedia.org/wiki/Predatory_pricing