Business and Economy are two elements of the society that have a huge impact on one another. Business refers to any legal enterprise that exists for the manufacture or distribution of goods and service. Profit is the driving force behind any business activity. Any business contributes a great deal to the growth and development of the economy and the economy in turn provides suitable conditions for the business to function and prosper. Businesses have a capitalistic mentality behind their functioning and profit is a great motivator. Businesses today are becoming socially aware and are making great endeavors to give back to the society too.The business is a small element of the economy. The economy consists of the entire economic system of the nation and includes within it circle the manufacture or production, distribution and the consumption of goods and services. They are many factors that together make up and impact the economy.