Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."
A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. (Full article...)
Economics () is a behavioral science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and investment expenditure interact; and the factors of production affecting them, such as: labour, capital, land, and enterprise, inflation, economic growth, and public policies that impact these elements. It also seeks to analyse and describe the global economy. (Full article...)
During the Khrushchev era, from 1956 through 1962, the Soviet Union attempted to implement major wage reforms intended to move Soviet industrial workers away from the mindset of overfulfilling quotas that had characterised the Soviet economy during the preceding Stalinist period and toward a more efficient financial incentive.
Throughout the Stalinist period, most Soviet workers had been paid for their work based on a piece-rate system. Thus their individual wages were directly tied to the amount of work they produced. This policy was intended to encourage workers to toil and therefore increase production as much as possible. The piece-rate system led to the growth of bureaucracy and contributed to significant inefficiencies in Soviet industry. In addition, factory managers frequently manipulated the personal production quotas given to workers to prevent workers' wages from falling too low.
Main Market Square, Kraków, Poland.The market square (or sometimes, the market place) is a feature of many European and colonial towns. It is an open area where market stalls are traditionally set out for trading, commonly on one particular day of the week known as market day.
Trade panel of BM&F Bovespa, the São Paulo Stock ExchangeSão Paulo is one of the largest cities in the world economically, and is expected to be the 6th largest in 2025. According to data of Fecomercio/SP, its gross domestic product (GDP) in 2017 was R$699.28 billion ($219.11B today).
The biggest financial center in Brazil and one of the biggest financial centers in the world, São Paulo's economy is going through a deep transformation. Once a city with a strong industrial character, São Paulo's economy has become increasingly based on the tertiary sector, focusing on services and businesses for the country. The city is also unique among Brazilian cities for its large number of foreign corporations. Many analysts point to São Paulo as an important global city, even though this assignment can be criticized considering its serious problems of social exclusion and spatial segregation. Although being the most important financial centre of the country, São Paulo also presents a high degree of informality in its economy. (Full article...)
"The trade of a joint stock company is always managed by a court of directors. This court, indeed, is frequently subject, in many respects, to the control of a general court of proprietors. But the greater part of those proprietors seldom pretend to understand anything of the business of the company, and when the spirit of faction happens not to prevail among them, give themselves no trouble about it, but receive contentedly such half-yearly or yearly dividend as the directors think proper to make to them. This total exemption from trouble and from risk, beyond a limited sum, encourages many people to become adventurers in joint stock companies, who would, upon no account, hazard their fortunes in any private copartnery. Such companies, therefore, commonly draw to themselves much greater stocks than any private copartnery can boast of. The trading stock of the South Sea Company, at one time, amounted to upwards of thirty-three millions eight hundred thousand pounds. The divided capital of the Bank of England amounts, at present, to ten millions seven hundred and eighty thousand pounds. The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master's honour, and very easily give themselves a dispensation from having it. Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company. It is upon this account that joint stock companies for foreign trade have seldom been able to maintain the competition against private adventurers. They have, accordingly, very seldom succeeded without an exclusive privilege, and frequently have not succeeded with one. Without an exclusive privilege they have commonly mismanaged the trade. With an exclusive privilege they have both mismanaged and confined it."
The following are images from various business-related articles on Wikipedia.
Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from
Entrepreneurship)
In 2012, Ambassador-at-Large for Global Women's Issues
Melanne Verveergreets participants in an African Women's Entrepreneurship Program at the
State Departmentin Washington, D.C. (from
Entrepreneurship)
1/8 share of the
Stora Kopparbergmine, dated June 16, 1288 (from
Corporation)
Small business vendors at a public market (from
Business)
"Jack and the Giant Joint-Stock", a cartoon in
Town Talk(1858) satirizing the 'monster' joint-stock economy that came into being after the
Joint Stock Companies Act 1844(from
Corporation)
Chart of the
South Sea Company's stock prices. The rapid inflation of the stock value in the 1710s led to the
Bubble Act 1720, which restricted the establishment of companies without a
royal charter. (from
Corporation)
Plaque in London commemorating Jewish entrepreneur Sir
Jack Cohenwho in 1919 founded
Tesco, the largest supermarket chain in the UK. (from
Entrepreneurship)
This safety plan of a small Italian business provides information regarding emergency instructions (
earthquakeand
fire),
emergency telephone numbers,
escape routesand locations of
first aid boxand
fire exstinguishers. (from
Business)
Time required to start a business in 2017 (from
Business)
was the leading expert on partnerships and company law in the
Salomon v. Salomon & Co.case. The landmark case confirmed the
distinct corporate identityof the company. (from
Corporation)
is one of the most recognizable corporations in the world. (from
Corporation)
(1853–1918), here at the steering wheel of his Phoenix Double-Phaeton (from
Entrepreneurship)
Women's Entrepreneur
Networkevent in New York City (from
Entrepreneurship)
in the
Los AngelesDowntown Financial District (from
Business)
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