Economy is the art of saving money. This is apparent in its ethymology from the Greek language:
Whereas, business is the art of making money. This is what "businesspersons" are busy about. Business is an initiative by which the entreprenour aims making profit.
This is why you save your money flying in economy class with lower services, while you may make more money flying in business class with the chance to meet wealthier passengers. The risk taken in the second choice is called venture.
Oikonomia means "household management"
Whereas, business is the art of making money. This is what "businesspersons" are busy about. Business is an initiative by which the entreprenour aims making profit.
This is why you save your money flying in economy class with lower services, while you may make more money flying in business class with the chance to meet wealthier passengers. The risk taken in the second choice is called venture.
