Why does business exist?

Business exists to address problems and presents a solution. To be successful, a business must satisfy the needs and wants of its customers. Businesses exist to create opportunity. People are often not able to provide every single thing they need, so society and businesses allow people to trade money for services or items that they need and want.

It is crucial for a successful business to identify a need or a problem. Then, from there, they find a solution. After this, they present their findings to their customer base and ensure that there is a set price that is both reasonable and competitive for their customers to pay to receive the solution.