The Business and Economics PortalBusiness 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. 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 ( /ˌɛkəˈnɒmɪks, ˌiːkə-/) is a social 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's viewed as basic elements in the economy, 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 the economy as a system where production, distribution, consumption, savings, and investment expenditure interact, and factors affecting it: factors of production, such as labour, capital, land, and enterprise, inflation, economic growth, and public policies that have impact on these elements. ( Full article...) Selected articleThe Oliver Typewriter Company was an American typewriter manufacturer headquartered in Chicago, Illinois. The Oliver Typewriter was the first effective "visible print" typewriter, meaning text was visible to the typist as it was entered. Oliver typewriters were marketed heavily for home use, utilizing local distributors and sales on credit. Oliver produced more than one million machines between 1895 and 1928 and licensed its designs to several international firms. Selected image
Selected economy
The
United States is a
highly developed/advanced
mixed economy. It is the world's
largest economy by nominal GDP; it is also the
second largest by purchasing power parity (PPP), behind
China. It has the world's
seventh highest per capita GDP (nominal) and the
eighth highest per capita GDP (PPP) as of 2022. The U.S. accounted for 26% of the
global economy in 2023 in nominal terms, and about 15.5% in PPP terms. The
U.S. dollar is the currency of record most used in
international transactions and is the world's
reserve currency, backed by a large
U.S. treasuries market, its role as the reference standard for the
petrodollar system, and its linked
eurodollar. Several countries
use it as their official currency and in others it is the
de facto currency. (
Full article...)
Selected quote"As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it."
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The Business and Economics PortalBusiness 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. 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 ( /ˌɛkəˈnɒmɪks, ˌiːkə-/) is a social 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's viewed as basic elements in the economy, 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 the economy as a system where production, distribution, consumption, savings, and investment expenditure interact, and factors affecting it: factors of production, such as labour, capital, land, and enterprise, inflation, economic growth, and public policies that have impact on these elements. ( Full article...) Selected articleThe Oliver Typewriter Company was an American typewriter manufacturer headquartered in Chicago, Illinois. The Oliver Typewriter was the first effective "visible print" typewriter, meaning text was visible to the typist as it was entered. Oliver typewriters were marketed heavily for home use, utilizing local distributors and sales on credit. Oliver produced more than one million machines between 1895 and 1928 and licensed its designs to several international firms. Selected image
Selected economy
The
United States is a
highly developed/advanced
mixed economy. It is the world's
largest economy by nominal GDP; it is also the
second largest by purchasing power parity (PPP), behind
China. It has the world's
seventh highest per capita GDP (nominal) and the
eighth highest per capita GDP (PPP) as of 2022. The U.S. accounted for 26% of the
global economy in 2023 in nominal terms, and about 15.5% in PPP terms. The
U.S. dollar is the currency of record most used in
international transactions and is the world's
reserve currency, backed by a large
U.S. treasuries market, its role as the reference standard for the
petrodollar system, and its linked
eurodollar. Several countries
use it as their official currency and in others it is the
de facto currency. (
Full article...)
Selected quote"As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it."
TopicsRelated WikiProjectsDid you know (auto-generated) -
On this day in business history
General imagesThe following are images from various business-related articles on Wikipedia.
More did you know
Business newsWikinews Economy and business portal
Subcategories
Related portals
Things you can doUrgent and important articles are bold
WikimediaThe following Wikimedia Foundation sister projects provide more on this subject:
SourcesDiscover Wikipedia using
portals |