Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
The transition to a low carbon economy by 2050 will involve irreversible step-changes in the cultural, economic and natural domains, with qualitatively different socio-economic configurations before and after. COMPLEX will develop new modelling tools for managing step-change dynamics by working across a wide range of spatio-temporal scales, and integrating the knowledge of many stakeholder communities, for example in respect of land-use change driven by carbon-related technologies.