What is the reason behind the existence of business?

Business exists in the society for the people and by the people. It renders services for the satisfaction of consumers, suppliers, partners or alliance or in more general sence it can be said that business exist to engage people in the activities of production, distribution, trading or exchange of goods and on the same side rendering services to satisfy the needs of people with an objective of , earning profit as the survival of business depends upon its ability to earn profit.