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.
Rare earth metals have specific electronic and magnetic properties that make them an essential component of many of today’s high tech electronic devices, but recycling these components is still very challenging. However, new developments by EU-funded researchers will make it simpler to recover these vital materials, and so lead to increased levels of recovery from end-of-life products.