Business is the effort and activities of people to produce, sell or exchange products and services. It is a worldwide phenomenon that spans from small, local markets to multi-billion dollar industries. Business practices drive economic growth, forge political alliances and increase innovation.
As more people become active stakeholders in the economy, the need for informed financial decision-making increases. Business news media empowers consumers with real-time updates on mergers and acquisitions, complex financial jargon, market data, and other developments to help them make smart choices. In addition, they serve as a watchdog by exposing corporate misconduct and unethical practices to keep people informed and protect them from being exploited.
While many businesses are not-for-profit entities, some may be organized as for-profit corporations or cooperatives. The type of structure is not the primary factor that determines whether or not a business can be considered to be legitimate in terms of ethical and legal standards. This is why it is important to understand the differences between these types of businesses and how they operate in order to stay clear of any controversies.
Business news can be found in various forms including newspapers and magazines, online publications, and trade publications focusing on specific industries. The Library’s subscription databases are an excellent source for information about current events and trends in the business world, however it is important to remember that not all sources offer national coverage. To identify local and international business news sources, consult the Library’s Newspaper and Current Periodicals Reference Guide or ask a librarian for assistance.