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BUSINESS

DEFINATION - It is a process, economic system or organization where goods or services are exchanged for one another or for money.

Every business requires some form of investment and enough customers to whom it’s output can be sold on a consistent basis inorder to make a profit.

Identifying a need.

Necessity is the mother of invention.This means, roughly,that the primary driving force for most new inventions is a need.

The need to communicate (for example) led to the creation of different communication technologies (e.g mobile phones,GPS,email,internet). These robots can make jokes and offer good customer service to clients.

On that note China has found the need during this Covid-19 Novel and has already manufactured a number of robots that are being used to help medical teams to treat Covid-19 patients in hospitals and also to deliver groceries to customers to their homes.

China started manufacturing different types of robots years back e.g the human like robots that can communicate with people and even make jokes.

These robots are replacing humans at workplaces for example kindergartens , shops etc as they can do what humans do.

All business models are centered on a common principle of identifying a need in the society,nation or world at range. The principle is based on a special ‘eye’ or insight to quickly identify a crisis and taking advantage of it.

Whenever there is a crisis in the society it needs a solution and that solution needs a person who can quickly identify it then comes up with a solution. We used to watch this kind of things happening in movies but now it’s real.

At this rate it’s possible to see these robots taking over humans jobs as these robots are highly trained, intelligent and they can work longer hours compared to the humans.

China remains top robot market.