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Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.
In geography, location and place are used to identify a point or an area on the Earth's surface or elsewhere. The term location generally implies a higher degree of certainty than place, the latter often indicating an entity with an ambiguous boundary, relying more on human or social attributes of place identity and sense of place than on geometry.
A tool is an object used to extend the ability of an individual to modify features of the surrounding environment. Although many animals use simple tools, only human beings, whose use of stone tools dates back hundreds of millennia, use tools to make other tools. The set of tools required to perform different tasks that are part of the same activity is called gear or equipment. While one may apply the term tool loosely to many things that are means to an end (e.g., a fork), strictly speaking an object is a tool only if, besides being constructed to be held, it is also made of a material that allows its user to apply to it various degrees of force. If repeated use wears part of the tool down (like a knife blade), it may be possible to restore it; if it wears the tool out or breaks it, the tool must be replaced. Thus tool falls under the taxonomic category implement, and is on the same taxonomic rank as instrument, utensil, device, or ware.