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Elizabethan English is still modern english. "Business" means "business". They used the word a lot, too. Shakespeare uses it 231 times. It was not used to mean "business establishment" but more in the sense of "business enterprise". So, if an Elizabethan said "I have a business in the High Street" that would have meant that he had something to do in the High Street, not that he had a shop there. An Elizabethan might say, "My business is selling shoes" but not "My business is a shoe store."

The business establishment meaning came later.

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