If busybox is installed and it says that then it means you don't have the permissions to carry out the operation.
If you typed a valid "ln" command that might mean that you need root to create the link where you want it. But if I look at what you said you tried earlier:
> ln -s /storage/sdcard1/ "file name" /storage/emulated/0
there is an error in this command. What you are telling it to do here is create a link called /storage/emulated/0 and make it point to /storage/sdcard1/ "file name". Since /storage/emulated/0 exists, and is not owned by you, the system is quite right to tell you you can't do that (and a good job too, since if it allowed you to you would have replaced the directory tree /storage/emulated/0 with a pointer to a single file - nothing good would come from that!).
What I guess you are trying to do is create a shortcut in /storage/emulated/0 that points to this specific file. So you should be doing something like:
> ln -s /storage/sdcard1/ "file name" /storage/emulated/0/"link name"
where "link name" can be anything you like, as long as it isn't the name of an existing file or folder in /storage/emulated/0. So as long as you don't already have a file called "file name" in /storage/emulated/0" then "link name" = "file name" is the obvious choice, but if you want something different that's also fine.
Do check that the name you want to use isn't already in use before typing the command though. I've worked on Linux systems where the default is to warn you when you are going to overwrite a file and ask whether you mean to do it, but I've also worked on systems where the default is to assume you know what you are doing and just do it without asking. Unless you know what your phone will do if you make a mistake, it's best to check you aren't making one!
