This document provides an introduction to business concepts including the foundations of business and economics. It discusses how people have become dependent on exchange and the development of the barter system. It defines business as the exchange of goods, services, or money for mutual benefit or profit. It also outlines several core business concepts such as owners, managers, employees, consumers, and business objectives including survival, growth, social responsibility, and profit. Finally, it introduces economic concepts such as resources, goods and services, and how societies allocate limited resources to produce and distribute goods and services.