What is the difference between S/4HANA & Business Suite? Is it true to say Business Suite includes ERP, CRM, SRM, SCM and S/4HANA is only the next generation of ERP?
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Your question is probably to broad for a short answer here.
You might go to https://open.sap.com and start with the course "SAP S/4HANA in a Nutshell". It's free, no strings attached.
S/4 HANA is intended as a successor. So SAP thinks S/4 HANA is better. But not everything is implemented yet, especially some industry specific processes.
So you can spend a few more hours on https://open.sap.com with the free course "Implementation of SAP S/4HANA". Here you learn where to get all the documentation you need and how to check if and how S/4 HANA supports the processes you need and you get a deeper understanding.
This is because you can't answer the question "Does S/4 HANA include ERP". You answer this question for each of your main processes that you use in your company.