A business is an organization in which basic resources or inputs, like materials and labor, are assembled and processed to provide outputs in the form of goods or services to customers.

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Hannan Farooq · Accepted Answer

Final Answer : True, Explanation :  This is the definition of a business as per conventional economic theory.

A business is an organization in which basic resources or inputs, like materials and labor, are assembled and processed to provide outputs in the form of goods or services to customers.

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