Portal:Business

The Business and Economics Portal The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. This chart is from 2017 statistics. 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. 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 is 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 article Charles Ponzi (March 3, 1882 – January 18, 1949) was one of the greatest swindlers in American history. His aliases include Charles Ponei, Charles P. Bianchi, Carl and Carlo. The term "Ponzi scheme" is a widely known description of any scam that pays early investors returns from the investments of later investors. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. Ponzi was probably inspired by the scheme of William F. Miller, a Brooklyn bookkeeper who in 1899 used the same pyramid scheme to take in $1 million. Selected image The Federal Reserve headquarters in Washington, DC. Photo credit: Genghiskhanviet The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system. More selected pictures... Read more... Selected economy Shanghai, the financial center of China China has an upper middle income, developing, mixed, socialist market economy incorporating industrial policies and strategic five-year plans. It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022. The economy consists of public sector enterprises, state-owned enterprises (SOEs) and mixed-ownership enterprises, as well as a large domestic private sector and openness to foreign businesses in their system. Post-1978 economic reforms China's average GDP growth had been over 10% annually for over three decades, and in some years, growth exceeded 14% annually. (Full article...) More selected economies Selected quote "Manufacturing is also done through teamwork. It might take 10 or 15 workers, for example, to take a job from raw materials to finished product. The idea is teamwork - not how many parts were machined or drilled by one worker, but how many products were completed by the line as a whole. Years ago, I used to tell production workers one of my favorite stories about a boat rowed by eight men, four on the left side and four on the right side. If they do not row correctly, the boat will zigzag erratically. One rower might feel he is stronger than the next and row twice as hard. But this extra effort upsets the boat's progress and moves it off course. The best way to propel the boat faster is for everyone to distribute force equally, rowing evenly and at the same depth. Today a volleyball team has six players; previously there were nine. If a nine-member team tried to play a six-member team using the same plays, players might be injured bumping into one another. They would probably lose also because having more players is not necessarily an advantage. Teamwork combined with other factors can allow a smaller team to win. The same is true in a work environment." —Taiichi Ohno, Toyota Production System, English edition of 1988 ...Archive More… Suggest Topics Business: Accountancy · Actuarial science · Administration · Business continuity planning · Business development · Business ethics · Business intelligence · Business model · Business process · Businesspeople · Commerce · Commercial law · Companies · Companies law · Control · Consumer behaviour · Corporate crime · Corporate social responsibility · Electronic commerce · Entrepreneurship · Family business · Fictional companies · Finance · Globalization · Industry · Information technology management · Insurance · Internal communications · International business · International trade · Logistics · Management · Market · Marketing · Market Research · Mergers and acquisitions · Operations management · Operations research · Organizational studies · Procurement · Project management · Public relations · Quality management · Retailing · Risk management · Sales · Supply Chain Management Lists: Accounting · Business · Business law · Business management · Business theorists · Economics · Economists · Finance · Important publications · Industrial organization · Information technology management · International trade · Management · Marketing · Production · Project management · Think tanks Related WikiProjects WikiProjects Accountancy Business Companies Cooperatives Economics Finance & Investment Game theory International development Numismatics Private Equity Retailing Shopping Centers Taxation Law Trade Environment Business articles – Deletion sorting Did you know (auto-generated) - ... that the economy of Tolkien's Middle-earth has been described as a mix of feudalism and capitalism, with one scholar even suggesting it had communist elements? ... that Bahraini businesswoman Yara Salman founded a beauty salon, a medical center, an entertainment complex, and a restaurant in the past decade? ... that Peachtree Arcade, a shopping arcade in the U.S. state of Georgia, was conceived after a local businessman visited the Cleveland Arcade? ... that Eliane Capobianco's election to the Bolivian Constituent Assembly reflected the propensity of the country's agribusiness elites to occupy positions that granted them influence over land reform policy? ... that American business executive William M. Ellinghaus helped rescue New York City from bankruptcy in the late 1970s? ... that according to Jimmy Carter, "more of [Georgia's] business was probably conducted in the Henry Grady than in the state capitol"? On this day in business history June 5: 1932 - Dave Gold, an American businessman, founder of the 99 Cents Only Stores, was born on this day. General images The following are images from various business-related articles on Wikipedia. "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) Time required to start a business in 2017 (from Business) In 2012, Ambassador-at-Large for Global Women's Issues Melanne Verveer greets participants in an African Women's Entrepreneurship Program at the State Department in Washington, D.C. (from Entrepreneurship) Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship) Dell Women's Entrepreneur Network event in New York City (from Entrepreneurship) 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) Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business) 1/8 share of the Stora Kopparberg mine, dated June 16, 1288 (from Corporation) Lindley LJ was the leading expert on partnerships and company law in the Salomon v. Salomon & Co. case. The landmark case confirmed the distinct corporate identity of the company. (from Corporation) McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation) Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton (from Entrepreneurship) Offices in the Los Angeles Downtown Financial District (from Business) Plaque in London commemorating Jewish entrepreneur Sir Jack Cohen who in 1919 founded Tesco, the largest supermarket chain in the UK. (from Entrepreneurship) More did you know ...that former Harvard University president Lawrence Summers served as the World Bank Chief Economist from 1991 to 1993? ...that André Meyer quit school at age 16 to work as a messenger boy, and was later described as "the most creative financial genius of our time in the investment banking world" by David Rockefeller? ...that Valrhona, a company based in the small town of Tain l'Hermitage in the Rhône Valley in France, is one of the world's leading manufacturers of high-quality chocolate? ...that it is estimated that more than 85 percent of all business information exists as unstructured data, commonly appearing in e-mails, memos, reports, letters, presentations and Web pages? ... that the Automotive Electronics Council is an organisation based in the USA that sets qualification standards for the supply of components in the automotive electronics industry. ... that Hollywood accounting is the practice of distributing the profit earned by a large project to corporate entities which, though distinct from the one responsible for the project itself, are typically owned by the same people, with the net result of reducing the project's profit by a substantial margin, sometimes even eliminating it altogether. ... the Consumables model is another name for the Razor and blades business model? Business news Wikinews Economy and business portal July 21: Technological University Dublin senior lecturer Dr Lorcan Sirr speaks to Wikinews on housing market in Ireland July 15: California governor signs new state budget, eligible Californians to get stimulus payments July 4: 130 OECD countries agree to back global corporate tax rate June 30: 'Each makes the other more difficult to recover from': University of Sussex professor L. Alan Winters speaks to Wikinews on trade, COVID-19, Brexit June 16: Wikinews interviews Victor Kline, leader of newly registered The New Liberals party in Australia April 23: Irish Finance Minister Donohoe criticises OECD's global minimum corporate tax rate April 17: People protest in Berlin against German Court overturning five-year rent cap March 5: Chancellor Rishi Sunak announces UK budget 2021 February 10: Disney to shut down Blue Sky Studios, animation studio behind 'Ice Age' January 24: World Trade Organization declares US tariff hike illegal, rules in South Korea's favour ...2024 in economic history Read more… Subcategories Category puzzle Select [►] to view subcategories Business Types of business entity Business by continent Business by country Companies Employment Management Works about business Business-related lists People involved in business Business architecture Business images Business computing Business culture Business districts Business documents Business economics Business education Business ethics Business events History of business Business indices International business Business journalism Business law Business management Nicknames in business Business occupations Business organizations Business ownership Business process Sports business Business terms Business travel Business of visual arts Workplace Business stubs Related portals Things you can do Urgent and important articles are bold Here are some tasks awaiting attention: Article requests : Abstract Fees, IFRS for small and medium entities, more... 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