Business is an inclusive term but specifically designates the activities of those engaged in the purchase or sale of commodities or in related financial transactions.
Business. (2014). Merriam-Webster dictionary. Retrieved from http://www.britannica.com.proxy.devry.edu/bps/dictionary?query=business
Economics is the modern field of study concerned with production, distribution, and consumption of goods and services.
Economics. (2002). Greenwood encyclopedia of international relations. Retrieved from http://proxy.devry.edu/login?qurl=http%3A%2F%2Fsearch.credoreference.com.proxy.devry.edu%2Fcontent%2Fentry%2Fabcintrel%2Feconomics%2F0
business, business cycles, business enterprises, businessmen, capitalism, commerce, ecommerce, econometrics, economics, entrepreneurship, management, macroeconomics, microeconomics