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ECONOMY | ENVIRONMENT | BUSINESS

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AN INTRODUCTION TO BUSINESS

November 8, 2021 admin


AN INTRODUCTION TO BUSINESS

A business is a commercial entity where individuals work together. In such an
enterprise, individuals work to either create and produce goods or services, or
to sell and market such goods and services to customers. Others also purchase
the goods and services from the firm. The firm’s owner is also the one who first
hires workers for such work. Since businesses are often led by a strong
incentive system, business owners should also know how to get their employees to
work hard for them and contribute to its success.



In business, a partnership is usually defined as a relationship between two or
more individuals or entities. It could also be defined as a company organized
under a legal structure. There are different types of partnerships in business.
One is a general partnership, another is a limited partnership, and another is a
limited liability partnership. General partnerships are those governed by a
document called a partnership agreement. Limited partnerships are limited in
what they can share with others, while limited liability partnerships share
equally in any liabilities and profits produced by the venture.



A corporation is defined as a separate legal entity from its shareholders. This
entity has the power to undertake corporate actions, manage its assets, and
create and issue shares of stock. A company may use either cash funds or capital
stock as capital; however, if it uses debt instruments, it will be considered a
company within the state.


THE IMPORTANCE OF ENVIRONMENT

November 6, 2021 admin

Environment refers to the entire physical, chemical, biological and social
aspects of an area that affects the people who live in it. It can also refer to
the quality of air, land and water found in an area. In a broad sense,
environment can be seen as everything that surrounds us and is not human.
Therefore, an environmental impact is not restricted to man made destruction. It
can also be caused by natural phenomena such as climate change. These natural
occurrences also affect humans and their way of life.



The natural environment or the eco-system covers all living things and non
living things occurring on earth, which means essentially not artificial. The
word is most commonly used in reference to the earth or any specific portion of
the earth affected by human activities. The earth’s environment may be affected
by climate change; the mass extinction events that have occurred throughout the
Earth’s history, the pollution of the Earth’s air and water, and the natural
degradation of the living things on earth. It also includes the changes in
ecosystems resulting from human interaction with the environment such as loss of
species of plants and animals, pollution of land, and shift in the food chain.



The changes in the environment brought about by human activities are categorized
into two types: either the advantages and disadvantages of the changes or the
net result of the changes. Advantageous changes are those that have created
opportunity for living beings to survive and even flourish while against the
opposite they find themselves in a condition of misery and conflict. These
advantages include humans evolving into a sociable and civilized society, the
Earth being returned to its pre-industrial condition and so on. On the other
hand, the disadvantages of global change could be categorized as man’s
exploitation of the environment and the resulting deterioration of the natural
balance of the environment. They include accelerating climate change, nuclear
proliferation, ozone depletion and the increasing pressure on the human
population.


ECONOMIES OF GROWTH

November 5, 2021 admin

An economy is any place of the actual production, consumption and exchange, of
goods and services, by various agents. In simple terms, it is said to be a
social community or economy that focus on the practices, discourses, material
exchanges and the practices associated with production, use and management of
natural resources. Economists, however, tend to use “the” economy when they
discuss economic activities of a country, state or community. In fact, many
textbooks do this and sometimes it could be argued that economic activity should
be discussed under the broader umbrella of economic theory. Within the broad
spectrum of economic theory there are two key theories which I believe to be the
cornerstones of economics: market economy and centrally planned economy.



Market economy is based on the maxim that entrepreneurs should compete to supply
a product or service which clients want at the lowest price possible. The
resulting surplus then is used to reinvest in further growth of production or
infrastructure, innovation, and research and development. The key idea of market
economy is that there are sufficient numbers of buyers and sellers to ensure
that costs are fair and equal for both buyers and sellers. The result is that,
although there is a sharing of overall wealth, prices are driven primarily by
demand and supply forces rather than by the circumstances of supply and demand.



Centralized planning economy is a bit of a misnomer as it is not really directed
towards a specific sector or type of economy. Centralized planning economies
allocate resources to specific economic activities rather than allowing markets
to function. This results in economies that are characterized by excessive
inefficiency, excessive dependence on external sources of energy and raw
materials, excessive dependence on short-term loans from banking institutions
and other lending institutions, high levels of taxation, excessive corruption,
excessive controls over the distribution of real estate, massive levels of
regulation of markets, pollution, social conflicts over land and resources,
inefficient distribution of basic infrastructure, high levels of education, and
lack of jobs. Mixed economy is the opposite of centralized planning economies
and is characterized by excessive dependence on global sources of energy,
finance, natural resources, and human capital.


WHAT IS THE DIFFERENCE BETWEEN A PUBLIC COMPANY AND A PRIVATE COMPANY?

November 4, 2021 admin

A business is simply a company in which people usually work together as a unit.
In a large business, workers work together to produce and sell goods or
services. Others, usually the owners, sell the goods and services to other
customers. In the smaller business, the owner is often the one who employs
workers for his company.



In most countries, businesses are classified as either sole proprietorships,
partnership or corporations. Some countries even have hybrid forms of these
types, such as the French version of the word that means “provider of a
service”. Each classification has its own unique pros and cons. Many businesses
incorporate into larger corporations that will allow them to create a share
capital type of corporation.



A partnership can be either general or limited. A general partnership is one in
which both partners share in the profits. However, in a general partnership,
there is no minimum share capital requirement. A limited company may have a
maximum share capital requirement, but it may not be as restrictive as a
partnership. A general partnership is also susceptible to liability lawsuits,
while a limited company is not. between public and private companies and why
they are both important for business owners. In the next article, we will
examine the differences between limited and general partnerships. We will also
explore how these differences can affect your business. Please see our main
article for more information about this topic.


AN OVERVIEW OF THE ENVIRONMENT

November 3, 2021 admin

The environment means everything within our four sensory systems. Everything
outside of earth that includes animals, plants, microorganisms, mineral
deposits, and so on. The environment could also include space and time as well
as inner space or infinite time and space. The environment cannot be changed but
humans have the ability to affect the environment by their actions.



The natural environment or living world encompasses everything living and non
living things occurring naturally, which means excluding in this case
non-living. The word is most commonly used in a biological sense, or with
reference to the Earth or its parts. It covers an enormous range of subject
areas including ecosystems (how various organisms interact to survive), climate
(the atmospheric condition throughout the earth), climate change, the quality
and quantity of oxygen in the atmosphere, and so on. In a very broad sense it
could also cover the Universe as a whole.



The term ” Wilderness” is often used in a biological sense, but is really a
generic term. It is used to describe an entire area where no living creature can
live except for a few insects and other non-organisms. The natural environment
is usually rich in diverse life and the organisms that exist there are in their
natural environments. The term ” Wilderness” has often been used as a
designation for a place with severe environmental damage. The phrase is
sometimes used to describe a large section of land in an arid or semi-arid area,
or any place with severe damage or without any vegetation.


SIMPLE VS COMPLEX ECONOMIC CONCEPTS

November 2, 2021 admin

An economy is basically an area of interaction, production, distribution, and
consumption of goods and services, by various independent agents. In simple
terms, it is defined as ‘a socio-economic domain that reflect the practices,
discourses, material exchanges and the relationships associated with production,
use and management of physical resources.’ Economists have divided the area into
different categories, like economic structure, economy and money, accounting and
other micro-organisms, political economy and international trade. The complex
interplay of all these factors is referred to as the economic environment.
Besides, there are also the political and the technological aspects involved.



A simple economy, on the other hand, refers to the production of sufficient
quantities of primary goods, such as food, fuel, raw materials and construction
material, which can be traded and exchanged internationally. In this type of
economy, households, families and groups of people adjust their production and
consumption according to the prices and the level of income. As an example, in
such economy, there is no room for speculation, since production and consumption
are always based on the prices set by the market.



In a complex economy, there is a real estate market and complex financial
system. There are the government institutions, banks, currency market and
central banks, which provide monetary funds. The central banks usually control
the foreign exchange rate, interest rates, short-term interest rates and supply
of securities. This type of economy generates employment through various
industries, which provides for the employment of persons, both permanent and
temporary. As far as the definition of economy is concerned, it basically refers
to the interaction of the different economic systems, producing and providing
for the needs of the population.


THE LIMITATIONS OF A COMPANY NAME

November 1, 2021 admin


THE LIMITATIONS OF A COMPANY NAME

Business operations refer to different activities that companies engage in on a
regular basis to enhance the value of their business and make a reasonable
profit as well. The activities may be optimized in order to produce enough
revenues to cover operational expenses and make a decent profit for the actual
owners of the business too. Most businesses have gone online nowadays, making it
much easier for them to expand their market share and make more money. Some even
hire virtual employees and subcontract office staff to carry out various tasks
for them. This article will provide some useful information about the various
activities carried out by a business when the owners are away from the office.



There are various activities which take place in the office premises every day
which relate to the business operations. These activities will involve the
owners and/or their employees, suppliers, clients, stockholders and/or other
parties who come into contact with the business. It is the responsibility of a
business to ensure that these people are kept away from the office premises in
an orderly fashion so as not to cause damage to the property of others. In order
to achieve this, there are a number of laws which regulate business operations
in the different nations around the world. One of these laws is the law on
commercial law or commonly known as corporate law.



The corporate law refers to any set of rules governed by a national or a state
government in order to maintain the harmony and coherence of business activities
of all types of organizations whether they are sole proprietorships, limited
liability partnerships, joint ventures, corporations, LLCs and corporations.
This law also covers the foreign members of a business which have elected to
become a legal corporation in order to avoid paying tax for the income earned in
another country. This law is extremely important because it establishes the
framework of a business that ensures its sustainability in different economic
climates. The main principles of this law are that a company may have one head
but it is still possible for that head to be replaced. Therefore, although the
company remains as a separate entity from its owners, the company may still have
to contend with the operation of other forces working against it.


LIVING WITH THE ENVIRONMENT

November 1, 2021 admin


LIVING WITH THE ENVIRONMENT

Natural environment encompasses everything that exists in the natural world or
environment, which means in this instance non-living. The word is most commonly
used in reference to the Earth or parts of the Earth. It is also frequently used
in philosophy and science as a generic term for the entire environment. In the
broadest sense, it refers to all the living things existing on earth including
plants, animals, and humans. A narrower focus narrows the focus to terrestrial
inhabitants such as people and other vertebrates, while a narrower focus narrows
the focus to aquatic life such as oceans and lakes.



Environment in the broadest sense can be thought of as a state of living
organisms that are capable of influencing the environment in a given area. A
perfect example would be the existence of a species of plant that entirely
consumes water. The same species can exist in an area devoid of surface-water
but yet have the capacity to change the state of their environment by means of
their lateral movement across the water table. This example only touches on one
facet of the complex interactions between living organisms and their external
environment. Complex interactions between living organisms, both in a natural
and human environment, encompass such forms as nutrient cycling, trophic
effects, biochemical cycles, and biological processes.



The environment has important influences on the existence and survival of living
organisms. For instance, a sufficiently alkaline environment provides the right
level of acidity for aerobic (oxygenated) living organisms to coexist in
relative harmony. A lack of alkalinity or acidity in an environment favors the
survival of alkaline-naive microbial and chemical species over those with
amine-acid metabolism. Human activities have profound effect on the
environments. A changing climate alters natural climate conditions and produces
corresponding changes in natural environment that are conducive to or inhibit
the activities of living organisms. Changing atmospheric pressure levels, ocean
currents, and wind speeds also exert changes on the environment that humans and
other living organisms experience.


WHAT IS AN ECONOMY?

October 30, 2021 admin

A economy is a specific place of the exchange, production and distribution of
goods and services, by different producers and consumers, in relation to their
needs and capacities. In economics, it is often defined as a market system in
which economic activity takes place on the market, i.e. in terms of transactions
between buyers and sellers. The process of economics deals with the analysis of
why a country’s economy grows or shrinks, what determines its state, what causes
inflation and deflation and how the political or economic systems of various
nations affect each other.



Economists attempt to understand the inter-dependence of economic variables and
the determination of both macroeconomic aggregates (the sum of all economic
elements in a country) and micro economic aggregates (the variations in personal
economic activities of an individual). A mixed economy is one in which the
output of one sector of a economy influences the output of another sector,
creating discrepancies between what is produced and what is required. For
instance, when the value of oil is increasing because of rising demand, the
price of oil will also increase. The overall output of the economy, however,
remains level. A mixed economy may be characterized by the following indicators:
the division of total income of workers by the total income of corporations,
government spending on infrastructure, taxation and industrial production.



Economists also try to analyze the inter-dependence of economies. One way of
doing so is to examine how changes in aggregate demand affect prices of
particular goods. Changes in aggregate demand can affect the price of raw
materials, for example, thereby affecting the price of capital goods, or affect
the employment rates of producers of certain goods. But these changes do not
have direct effects on the supply of goods. So, a demand elasticity is a crucial
concept for understanding how the economy responds to changes in aggregate
demand. An economy in a state of demand equilibrium is one in which changes in
aggregate demand do not affect the balance of available goods (with respect to
demand, i.e., between supply and demand, both of which are included in the
definition of equilibrium).


TYPES OF BUSINESS ORGANIZATION

October 29, 2021 admin

The word business refers to any entity or individual engaged in professional,
commercial, or agricultural activities for profit. Businesses may be sole
proprietors, partnership or corporation. Business types also range in size from
single proprietors, individuals, and small firms to large multinational
companies and international enterprises. A business is generally defined as a
company which engages in buying and selling goods and services and other related
financial transactions for earning a profit.



There are various types of businesses. Some of them are: Real Estate agents;
Dentists; Plumbers; Lawyers; Dental Hygienists; Car Dealers; Football & Tennis
clubs; Milk Producers; Engravers; Builders and Manufacturers; Furniture Shops;
Fruit Packers and Fruit Pickers; Auto Makers and Wholesale Dairies; Home-based
Businesses and Professional Services such as accountants, realtors, etc. Based
on the above description, it is evident that there are many business activities
involved in daily life of individuals and small businesses. To make things
easier for an entrepreneur, it is important to categorize the various types of
business so that he/she does not have to look for new businesses every now and
then for completing their daily tasks.



In order to understand the nature of each business, it is important to study the
nature of the goods or services involved in the business. An entrepreneur has to
clearly define his/her objectives before proceeding to the identification of the
means to realize those objectives. The objectives can be based on personal
preferences such as earning more money, being more popular, having a prestigious
brand name, etc. Other objectives can relate to achieving economic objectives
such as making a certain percentage of profit, purchasing equipment, using
particular tools, etc. Economic objectives are usually linked with production
and sales of the type of goods or services sold, although some business
activities may include using the assets and supplies of the company as well.


MAIN ARTICLE: ENVIRONMENT – WHAT IS IT?

October 29, 2021 admin

Environment refers to anything produced under normal conditions. Any thing man
made that exists in our surroundings (which includes everything on our planet)
is part of the environment. Therefore man has an environment, even when he is
alone. The environment is something that humans have influenced through their
actions. Man has made some changes to the environment, like the use of coal,
gas, petroleum, and other petroleum products, but to keep this earth habitable
for us all there will always be changes to our ways of living, and how we relate
to our environment. A good example would be the current pollution issues that
plague our world today.



The natural environment or the natural world encompasses all existing and
non-existing living things existing naturally, which means outside of human
existence. The word is mostly used in science to describe the earth or any parts
of it. It usually refers to a particular type of environment that is generally a
mixture of soil, air, and water. It can also include any living things such as
plants and animals that are both natural and living. Some people however use the
word “natural” to describe any type of environment, but in most cases this term
is only used to describe the earth as we know it.



The main article on this topic will show that global warming and climate change
is the most important environmental issue of our time and is threatening to wipe
out most of the natural resources of the world in the next century and possibly
the next millennium. This article is meant to act as a guide to help readers
understand the main concept behind the environment. They are the resources in
and around our planet. These resources are living things that provide food,
clothing, and shelter. Our world has an overall supply of energy, but the
problem is that the cost of these resources has been increasing steadily,
because of high demand and low supply.


THE ROLE OF ECONOMISTS

October 27, 2021 admin

Economy refers to any physical condition in a society which affects the
processes of production, distribution, and use of materials and goods. An
economy is a part of the overall production, distribution, and exchange of goods
and services, by various producers and consumers, for the benefit of all. In
simple terms, it is defined as ‘a political community that relate to each other
and influence each other through the production and distribution of goods,
services, and information’. The term has different meanings in different fields
of study. In economics, however, it refers to the overall interrelations of
economic activities of a country, as reflected in its output and consumption;
prices and incomes; and incentives for investment and employment.



Economists try to understand the nature and effects of the economy, taking into
account the inter-linkages among economic factors. Households, businesses,
governments, and even individuals are economically connected through their
purchases and transactions. Households, businesses, governments, and even
individuals affect the overall economic performance of the economy through
household management, money management, spending and savings habits, investment,
employment, technology use and knowledge, international trade and finance,
innovations, entrepreneurship, international capital movement, and market
structure. All these factors, affecting the economy, contribute to the movement
of economy towards or away from the state of equilibrium.



Economists attempt to identify the sources and directions of changes in the
economy, taking into account the inter-relations of economic agents within the
economy. They are also responsible for the formulation of policy, in order to
promote economic growth, stabilize the financial system, decrease inflation,
reduce domestic price level fluctuations, reduce the role of foreign direct
investment in the economy, increase domestic output, and increase domestic
capacity and efficiency. The role of economists in our lives can seem quite
complicated and overwhelming, but it does not need to be so. The best thing to
do is to remember what they say: ” Economics is always economics.” The knowledge
of how a business operates in and out of the economy is necessary if one is to
understand how to maximize the firm’s resources and profit at the maximum level.
Understanding economic concepts, principles, the nature of markets and money are
essential in order to understand how to develop economic growth, and how to keep
economies growing.


WHY SMALL BUSINESSES MUST COME UP WITH A SOCIAL NEED BEFORE PROFITS CAN FLOW

October 26, 2021 admin

In a typical business, individuals perform a certain task to create and sell
goods or services. Others also purchase the goods and/or services. Ultimately,
the business owner is the entity that hires individuals for specific work. A
business can therefore generate a profit for the goods and/or services it
provides. However, it is very difficult to predict the demand for a business’s
product or service; hence the need to employ people to work on the business to
generate profit.



A business that engages in buying and selling goods is referred to as a
retailer. If a business comes into existence with the sole intent of buying and
selling its own products (like clothing, books, etc.) then it is a retailer. In
a Corporation, there are no customers or goods to buy, so the retailer becomes
an agent for the parent company.



Many businesses do not come into being with the sole intention of earning
profit. Instead, a business must develop in order to generate profit through the
social need created by the product or service sold to consumers. Individuals
working in such businesses must also come up with creative ways to find a way to
advertise the good or service they have for sale. This advertising can be done
through newspapers, television, radio, flyers, billboards, etc.


THE DEFINITION OF THE ENVIRONMENT

October 25, 2021 admin


THE DEFINITION OF THE ENVIRONMENT

A big part of environmental science is determining how humans effect the natural
environment. Natural environments are those existing in place without human
influence, such as in the ocean, air, and land. The natural environment is often
defined by scientists as the entire Earth or a large parts of Earth. Examples of
living things in the natural environment include plants, animals and bacteria.
There has been much debate on whether or not life on Earth is primarily organic,
which means that it exists without any traces of organic matter, or non-organic,
which means that it requires some amount of organics.



The word environment can also be used to describe the human environment. The
environment of a human being is the entire gamut from his head to his toes,
including his surrounding space and physical surroundings. It includes his home,
his work and his relationships with other people. In more scientific terms, the
word environment can also be used to describe the processes and interactions
occurring within a living things’ natural environment. This is also known as the
“biological environment.”



In the study of the definition and scope of the environment, it is important to
take into consideration both the living and non-life environment. It is
important to examine what effects humans have on the environment and how that
may be affecting the natural environment. Another important question to ask when
delving into the definition of the environment is what can be done to change the
current state of the environment? One possible solution to environmental
problems is altering or regulating the use of commercial agricultural products,
pesticides, fertilizers, herbicides, and the methods of farming. These products
pollute the environment with their use, thereby affecting not only the living
things in the soil, air, and water, but also the non-living things such as trees
and vegetation.


ECONOMY

October 25, 2021 admin

An economy is a place of the exchange, production and distribution of goods and
services, by various agents, for the benefit of society. By “different agents”
we imply those people who actually perform the relevant functions concerned. In
simple terms, an economy is a social community where all the economic activities
are directed towards the accomplishment of common purposes, pursued by the
individuals in their capacity. The scope of economic activity is vast and varies
across the board. In a basic sense, economics refers to the study of how people,
individually and collectively, affect the world around them and interact to
affect the economy.



An economy can be broadly classified into three basic categories: productive,
unproductive, and capital-goods economies. A productive economy is one in which
the effort and resources expended on production are productive in the final
sense. For example, the value of the output of plant and machinery, the value of
labor and other human resources invested in training and education, the value of
various types of land and other resources used in the operation of industries,
and so on, are all considered to be productive. Likewise, an economy that is
unproductive is one in which the output obtained from the activity of economic
agents is not beneficial to the society.



Capital-goods economies depend on the ability of fiscal agents to make the kinds
of purchases needed for the accomplishment of economic activity. The ability to
buy means to produce necessitates the existence of monetary units, which are the
money power underlying the operation of the economy. Money, being a powerful
form of authority, is capable of influencing both supply and demand in the
market. The demand function, being determined by the real productive potential
of the economy, determines the price level of goods and services. On the other
hand, production of scarce goods, including certain forms of energy and other
essentials, such as food and water, requires the employment of physical
resources that form the inventory of capital goods. These assets, through their
exchange value, determine the level of income and wealth available from the
operation of economy.


THE DIFFERENT TYPES OF BUSINESS CORPORATIONS

October 23, 2021 admin


THE DIFFERENT TYPES OF BUSINESS CORPORATIONS

Throughout the entire course of business operations, successful business leaders
establish realistic and achievable objectives for the business, and then they
rally groups to work together and bring them to pass. These objectives and goals
are company objectives; they are what the business wants to achieve to be
successful, to succeed, to achieve its marketing objectives, and most
importantly to deliver effectively. A business can only move forward with the
collective objectives that have been agreed upon and determined by the owners
and the managers. These objectives not only define the end result of the
business, but they are the driving force behind the business, and help it to
become what it is today.



In business there are many types of relationships that exist. In a partnership,
there are two parties that come together in an agreement to perform certain
functions or services for one another at a mutually agreed upon price. A
corporation is considered a partnership in that a corporation performs functions
for either an individual shareholder or a group of shareholders. A partnership
in many businesses consists of two separate companies that come together to form
a new entity. Many businesses today incorporate themselves as separate entities
from their original parent companies, or form a limited liability corporation
instead.



Limited liability companies (or LLC’s) are very similar to partnerships;
however, instead of two investors, one investor controls all the assets and
liabilities of the company while the other owns none, making it a great way for
limited liability situations. One of the most common forms of these arrangements
is a C corporation or limited liability company. The C corporation is often used
as an entity for purchases or financing residential mortgages, which helps the
lending institution make money off of a borrower, while avoiding the high costs
associated with lending. An LLC is often used as an investment vehicle, allowing
the owners to reap the benefits without putting themselves at risk.


AN OVERVIEW OF THE ENVIRONMENT

October 22, 2021 admin


AN OVERVIEW OF THE ENVIRONMENT

The environment refers to the entire natural world or all living things existing
naturally, which means in this context not synthetic. The term is usually used
to describe the Earth or any specific geographic region or part of the Earth. It
also covers the living planet such as human beings, other animals, plants and
even in some way, fungi and bacteria.



For the purposes of this discussion, the term “envisage” is used to mean to take
a view of, imagine or contemplate an area where living organisms are present.
This includes all the planets in our solar system as well as those that have
been discovered to be potentially habitable by human beings. Thus the
environment refers to the entire space around the sun, including the atmospheres
of stars and other gas giants and all bodies in the solar system. The term can
also be used to refer to the physical laws that govern the evolution of living
organisms in particular systems.



It is a complex field. The word “environmental” literally means “of or relating
to the environment”. It is a field that combines knowledge from many
disciplines, including art, science, engineering, philosophy, sociology,
psychology, anthropology and literature. Its scope is constantly expanding
because new environmental issues arise on a regular basis, whether in human
affairs, economics or geology. Because it deals with the interactions between
living organisms on earth as well as between people and their environments,
environmental science is the most important subject for humanities and social
sciences students. Studies in environmental science typically form the basis for
courses in humanities and social science, especially those that provide
information about the current environmental issues.


WHAT IS AN ECONOMY?

October 21, 2021 admin


WHAT IS AN ECONOMY?

An economy is a large inter-connected system of production, consumption, and
distribution activities that help to determine how valuable certain resources
are allocated geographically. In an economy, goods and services are utilized to
meet the personal needs and requirements of the people who live and work in it.
Economists consider an economy to be “fully functioning” when the process of
circulation of money within the economy takes into account the needs and desires
of all consumers as well as the capacity of the businesses that generate the
bulk of the economy’s output. It is said that in a truly efficient economy,
demand and supply conditions are in equilibrium. More money is demanded than is
supplied, keeping the equilibrium of prices and income levels as desired.



Although markets are often called the “force behind” an economy, it is not the
market alone that determines the state of an economy. Factors such as
productivity growth, inflation, government spending, business cycles,
governmental policies, international trade, technology, demographics, living
standards, housing development, and attitudes toward money and credit are all
important in the determination of the course an economy will take. Household
management and economic systems have much to do with each other as well. If
household spending patterns are out of step with the general direction of the
economy, household budgeting problems can quickly make the economy go into
recession.



Unlike traditional economic systems, modern economies attempt to use the
information contained in the pricing data to both create and distribute the
goods and services that are produced in their economies. For example, unlike the
price system in traditional markets where what you pay for a commodity is simply
the best estimate of the value you will receive, economies attempt to take into
account the current state of the balance sheets of various companies. The same
is true of the value of human life: as long as the supply of goods and services
exceeds the demand for them, there is no problem. However, if the supply exceeds
the demand, the result will be inflation and growing shortages in both the
quantity and quality of the goods and services that are produced in an economy.


THE BEST POSSIBLE USE OF ARTICLES FOR MARKETING

October 21, 2021 admin

Business and the success it enjoys depends on many factors, some personal,
others corporate, but all have their own meaning. One such factor is the vision
of the entrepreneur about the business. In order to have a clear and vivid
picture in your mind about what you want your business to achieve, it is good to
write down and make out a written plan for the business. Five most important
goals of business can be then classified as below:



The topmost goal of business objectives is, firstly, to make a profit; secondly,
to expand the business objectives if need be; next, to create new markets or
penetrate existing markets effectively; thirdly, to develop products, or
services associated with satisfying the above-mentioned objectives. Then comes
the second goal, the achievement of social objectives. It states that the
business should be socially just and economically just. This can be achieved by
increasing the efficiency and cutting costs, reducing the pollution and other
harmful consequences caused by the operation of the business, having reasonable
access to markets. Having reasonable access to markets thus means that the
business should be able to supply a service or product that is needed by people,
and it should be in demand. A business therefore is not just about creating
products, it is also about selling them and gaining profits.



The third objective is the attainment of the ultimate objective, which is the
creation of a socially just and economically just society. The other objectives
included in the bottom line of the business plan are advertising, circulation,
distribution and safety and security of the business unit. Advertising, then, is
said to be the most important economic objective because it is necessary for the
survival of the business. Circulation, on the other hand, is said to be
necessary for the continued existence of the business. Distribution and safety
and security of the business unit meanwhile, is necessary to ensure a safe and
protected environment for the workers during their employment.


ENVIRONMENT SUSTAINABILITY

October 19, 2021 admin

The environment is a non secular construct of thought. It is defined as the
entire physical universe including all known living things and non living things
existing in its environs. The word is commonly used to describe the Earth or any
specific portions of the Earth. In this modern era, the environment is generally
understood to include the living world of plants and animals and the non living
world such as void or empty space. However, the environment can also be
interpreted in terms of its impacts on humanity and civilization as a whole.
Therefore, the promotion of environmental sustainability is a key component of
human society.



The main aim of sustainability is to conserve the external environment through
proper management, preservation and protection of the non living systems and the
living organisms that are involved in the various processes of life. One of the
most important aspects of this theory is the reduction of the levels of use of
non renewable resources such as fossil fuels, which pollute the environment and
deplete the stocks of oxygen and other vital gases. Another aspect of
environmental sustainability is the respect for and protection of the rights of
the indigenous peoples of different ecosystems and their right to pursue
economic, social and cultural development. These endeavors build support for the
preservation and enhancement of the natural diversity of the ecosystems, and
thereby the protection and promotion of the biodiversity of the world.



Environmentally sustainable management seeks to balance the rate of de-placement
of living organisms within the earth system by protecting and enhancing their
population, by understanding the roles and responsibilities of natural internal
structures in the earth’s climate systems and by encouraging innovations,
creation and dissemination of knowledge within and outside the organization.
Such organizations also work towards reducing the levels of de-placement of non
living organisms through sustainable design and technology, and by protecting
the biodiversity of the ecosystems and their biodiversity dependent on the
earth’s atmosphere, space, water, land and biotic communities. These
organizations also work towards the sustained evolution of the ecosystems and
promote enhancement of the biodiversity of the environment. These endeavors
promote the continuity of the eco-systems and the continuity of the world’s
ecosystems and their evolution for the benefit of all living organisms.


WHAT IS AN ECONOMY?

October 18, 2021 admin

A economy is a place of exchange, production and distribution, and consumption
of various goods and services by many agents. In simple terms, it is described
as ‘a social community that concentrate on the practices, modes, discourses, and
content of exchange of products and services by various agents’. It has become
the most important aspect of all economic activity. Economists have tried to
describe the economy in many different ways but they all concur on one thing: it
is a system in which production is the main activity and money is the medium of
exchange.



The distribution of wealth is also important in any economy and this determines
the strength or weakness of the economy. In fact, economists argue about the
distribution of wealth because they consider that there is not enough good land,
enough capital goods, enough trained people for education, enough money in the
economy so that poor people can survive. All these things lead to the scarcity
of scarce resources. Scarce resources are used up by the productive sector first
and then they are distributed amongst the other parts of the economy.



Economists debate about the distribution of wealth, the level of efficiency of
the market system, the stability of the economies, the extent of freedom of
markets, etc. Many free-market economists are also sceptical about the
importance of planning in a economy. They believe that economies are largely
controlled by forces of demand and supply. But it does not mean that economies
can’t plan, they just have to do it in a coordinate way. In fact, if planned
correctly, economies can be very far advanced towards socialism.


ACHIEVING MAXIMUM PROFITS THROUGH A BUSINESS ORGANIZATION

October 17, 2021 admin

A business is a company where people usually work together in a structured
manner. In a large company, different people sell or buy goods and services to
create a business. Other individuals purchase the goods and services provided by
the company. To maximize the profitability of a company, the business should be
organized in a way that maximizes its potential. Therefore, each employee should
be given a certain role and certain task so that they could contribute something
towards the growth of the company.



In order to achieve maximum profitability in any business, quality goods and
service are sold to the customers at the right time, at the right place, and at
the right price. The best possible services are made available to the customers,
and the businessman gets all the profits from his sale. With the help of sales
professionals and other people who work on the business unit, the businessmen
organize the business in a planned and structured way so that they could get
maximum profits. Therefore, the businessman should also think about his own
contribution towards the success of the company. He should give his best effort
in order to make the company grow.



In order to reach the goals and objectives of the company, the entrepreneur
should plan his business activities and work accordingly. Sometimes, it becomes
really hard to know exactly what you should do to achieve the success of your
business organization. However, it is not impossible. Planning and organizing
the business activities of the organization in a proper way makes it possible to
reach the set objectives and goals. The objective of every company, such as
attaining profits, becoming profitable, increasing the number of customers, and
providing quality goods and services, is to maximize its profits, become highly
competitive, and increase the number of loyal customers. The main reason for any
business to fail is that it does not have a clear set of objectives or a correct
plan for attaining its objectives.


TIPS FOR WORKPLACE ENVIRONMENT AWARENESS

October 16, 2021 admin

In today’s world, where our impact on the environment is becoming more
pronounced, we need to ensure that we are doing all we can to mitigate the
effects of our work. It is not enough to simply buy green products and make sure
your children do their schoolwork in environmentally friendly classrooms; we
need to actively participate in making positive changes so that we can create a
more sustainable future for our environment. Green work can involve everything
from reforestation to recycling, but it all adds up when we look at the
cumulative effect of all these actions. A small change, done today, can have big
implications tomorrow; if you’re part of the workforce or management, learning
about how to implement a sustainable approach to the environment at work is
essential.



One of the best approaches to sustainable change management at work is to
involve your team in decision making about the environment. It is not enough to
say that you’re concerned about the environment, you have to show your team that
they have a part in making a positive difference. One of the easiest ways of
doing this is by encouraging your team to get involved in various events that
will directly benefit the environment. Whether it’s planting trees or taking
part in an eco-tourism event, your team will be learning about the natural world
and will be using their creativity and drive to make a positive impact.



Of course, you’ll still need to ensure that your work is complying with legal
requirements – it’s vital that it does not pollute the environment or cause
environmental damage, after all. One of the most important aspects of any
environmentally conscious strategy is to ensure that all your documents are
written, printed and stored in an environment friendly way. It is equally
important to make sure that all the equipment you use is as environmentally
friendly as possible, so that you are as responsible as possible towards your
company’s environment. As well as dealing with the direct effects of the actions
you take, another important issue facing your organisation is the indirect
effect of your actions: the damage caused by people to the environment and other
people. Learning how to reduce your company’s impact on the environment can help
you make a real difference to both your business and the environment in general.


BUSINESS ADMINISTRATION – KEY HUMAN RESOURCES SPECIALISTS

October 11, 2021 admin

A business is a company where people generally work together. In a corporation,
individuals work for the company to create and sell goods or services. Others
also purchase the company’s products and / or services. The company owner is
generally the individual who ultimately pays individuals for work performed. A
company can therefore make a substantial profit off of the goods and / or
services it sells.



Today, business administration professionals are particularly critical in the
growth of many businesses. This is because business professionals are often
those who have managerial skills, management expertise, and also interpersonal
skills, making them excellent at dealing with and resolving conflicts as they
occur. Other business administration professionals can include accountants,
auditors, and HR professionals, among others. Business owners should look to
these types of individuals to assist them in planning, creating a sound business
plan, recruiting, hiring, coaching, leading, and growing businesses, and much
more.



In addition to business administration professionals, human resources
specialists are extremely important when it comes to the growth and development
of businesses. Human resources (HR) specialists are those individuals that help
people enter various businesses, assisting them with finding the appropriate
businesses, negotiating employment, handling employment issues, interviewing
candidates, hiring staff, developing training programs, managing payrolls and
benefits, as well as other HR related tasks. As stated previously, business
professionals play a key role in the successful management and growth of many
businesses, human resources professionals are especially key in ensuring the
success of businesses of all kinds.


ENVIRONMENT – THE MAIN ARTICLE

October 10, 2021 admin


ENVIRONMENT – THE MAIN ARTICLE

The environment is considered a primary driver of the changes that occur within
it. The environment includes all living and non living things existing in the
natural world, which means outside of human life. The word is most commonly used
to describe the Earth or any specific sections of the Earth. Any changes within
the environment are considered to be either caused by humans, or their impact,
such as those caused by climate change. For example, floods can cause major
damage to crops and infrastructure, and at the same time create new openings for
wildlife migration. Similarly, melting ice caps and changing atmospheric
conditions can cause serious consequences on various areas including the
coastlines, glaciers, and polar regions.



In order to effectively deal with changes in the environment, we must rely on
scientific knowledge and research. One of the most important natural processes
associated with the natural environment is the Earth’s climate, which can play a
major role in determining the development of many eco systems. There are many
interconnecting cycles that happen within the Earth’s climate system, such as
climate zones, cold and hot seasons, and the location and orientation of
continents. There is also a great concentration of wildlife diversity within the
natural environment, which is directly influenced by the natural environmental
cycles.



Climate change has a vast range of implications for both ecosystems and
individuals. Temperature increases or decreases, resulting in drought or extreme
heat waves, can cause drastic effects on species of plants and animals,
ecosystems, and even human populations. Similarly, precipitation patterns and
changes can also have a significant impact on ecosystems and individuals, as
precipitation can alter the availability of water and nutrients for plant and
animal life. Rapid changes in the climate or weather can lead to massive die-off
of certain types of living organisms in certain parts of the ecosystem, causing
an imbalance in the ecosystems overall health.


ECONOMICS – DEFINITION

October 9, 2021 admin

An economy is a place of the exchange, production and distribution of goods,
services and products by different agents, within a community or society. In
economic theory, it is defined as ‘a complex system that maximize the
productivity of human effort and promote the wellbeing of society as a whole’.
The definition of economy can be considered as the totality of practices related
to the production and distribution of goods, services and products within a
community or society.



In today’s world, economies are undergoing changes in all aspects as the world’s
population is growing rapidly, creating demands for more goods, services and
products. In addition to this, changes in technology have increased the pace of
production and changed the way people spend their money. These factors have
created numerous economic differences among communities and countries. The size
of the economy refers to the amount of goods, services and products that an
average community or country can produce in a given time. Economists and
political scientists define an economy as an economic system that efficiently
uses the scarce resources available to produce goods, services and products in
an economical way.



In an economy, there is a balanced flow of ‘natural’ resources from the land,
households, governments and businesses to satisfy the demand of consumers and
generate revenue. This process takes place on a long term basis. An economy is
said to be running efficiently when there is a sufficient supply of income,
employment and investment to meet the domestic demand and produce growth in the
product market. An economy has a smooth functioning when all aspects of the
market are functioning smoothly and effectively to support the domestic economy.
A healthy economy ensures that the distribution of natural resources is fair.


WHAT IS A BUSINESS?

October 8, 2021 admin

A business is defined as any type of enterprise entered into by a person or
group to earn a profit. Business enterprises can be either private or for-profit
entities that operate to meet a social purpose or further an educational
objective. Although the main goal of business activities is to earn profits,
they are sometimes undertaken with the aim of developing a social venture or
community at large.



Developing a market economy has brought up several questions like what
constitutes a business and how does it differ from a corporation? Basically a
business exists when the assets and liabilities of an entity are controlled by
one entity. In a corporation, all the shareholders or owners of the corporation
own and control the business. All the property and assets of the business are
owned by the corporation. A private firm on the other hand, is not a business
but a separate entity from the owner and has the same characteristics as any
other business.



However, unlike a corporation, there is no formal corporate structure; it is
usually a one-owner partnership. A partnership disposes of its share capital
(the income it receives), whereas a corporation uses its share capital to
acquire new assets and hire new employees. Consequently, there are two types of
capital: debt and share capital. Debt capital is used to finance the purchase of
tangible assets, while share capital funds the development of new ventures. The
total number of outstanding debts and assets of a business will determine its
capacity to earn profits.


WHAT IS ENVIRONMENT?

October 8, 2021 admin

Environment means different things to different people. For some it is the air
we breathe, the water we drink, the soil in which we sift our crops, animals
that we share our homes with and the wildlife on the land. Others see
environment in a much larger scale. To them it is the air, the water that runs
off natural resources like springs, oceans, rivers and the soil that is
replenished annually. Others still see environment as the vastness of the
universe in its various forms – the void left by the Big Bang, the Universe or
the God-consciousness that created it, the Sun and the stars, and the beauty
that we find in all life.



In this article we will be looking closely at what environment means for those
who have a natural environment and also those who do not have one. The natural
environment or non-biological world encompasses everything living and non living
things happening naturally, which means in this case no artificial. The word is
most commonly used in science to describe the Earth or any living things within
the solar system other than animal.



In many areas of the earth and throughout the universe there are living things
such as plants, animals and even fungi, but they cannot be classified as alive
unless they reproduce. This is because they are merely the products of their
environment. The environment provides food, shelter and clothing for the animals
and plants as well as allowing the energy produced by living things to be
harnessed and stored. The Sun will burn the Earth if it is not kept in pristine
condition and humans have contributed greatly to that degradation through the
burning of fossil fuels that heat up the atmosphere, turning it into a hot,
sticky place full of air that is toxic to us. The environment is a tricky thing
to define in a satisfactory way because in essence it encompasses everything
living and non living, and all of it is part of the wider environment.


DOMESTIC ASPECTS OF ECONOMIC ACTIVITY

October 6, 2021 admin

An economy is a term referring to a certain situation where exchange of goods,
services, goods and payments takes place through a marketplace or economic
activity. In economics, an economy is a local area of specialization,
production, distribution, and interaction of different agents with diverse
characteristics and practices. In economic theory, an economy is defined as a
socio-economic domain that focus on the practices, discourses, goods and payment
arrangements related to the production, utilization and management of physical
resources. A wide variety of different economic concepts, theories and models
are used in economics, which include concepts like the theory of the market,
state of equilibrium, entrepreneurship, micro economic activity and macro
economic activity.



The study of economy can also be broadly explained as the process of determining
the value of a nation’s output in relation to the demand of the population for
that same level of output in the domestic market. The analysis of economic
activity takes into account the interdependence of economic institutions,
policies, practices, structures and incentives over time and space. A well
managed economy facilitates efficient allocation of inputs, technology,
resources and revenues. A well managed economy enjoys growth of productive
capacity at a steady pace, with high levels of employment and investment, and
with the lowest level of inflation. For a country, to flourish economically,
government needs to invest in creating infrastructure, promoting economic
growth, eliminating poverty, providing educational facilities and healthcare,
developing efficient judicial system and boosting growth and employment.



Each economic activity has its own role to play in the overall growth and
welfare of a nation. Growth of economy needs adequate funding, flexible capital
assets, efficient management of financial resources, skilled and trained human
capital, favorable international trading position, proper protection of property
rights, promotion of international economic programs, promotion of the market
system and enhancement of quality of life. All these contribute to the favorable
condition of economy and help it attain the objectives set by the central
government. A sound economic system ensures that national income increases
proportionately with increased level of economic activity.


UNDERSTANDING THE LEGAL STRUCTURES OF BUSINESSES

October 5, 2021 admin

A business is basically an establishment where individuals work under a
particular umbrella. In a normal business, individuals work to either make and
sale goods or services to others. Others may also buy the goods and services
sold by others. The business owner, meanwhile, is the individual who typically
hires workers for such work.



These businesses can be either personal or corporate. A personal business
involves a person who owns the business but does not hold a managerial position.
These are known as solo practitioners or self-employed contractors. Examples of
these are accountants, doctors and lawyers. Corporate business entities,
meanwhile, are businesses that are formally established as corporate legal
entities with officers who hold managerial and executive officer positions.



While solo practitioners and corporations can operate in isolation, larger
business entities usually incorporate to protect themselves from risks posed by
their own stock ownership. This protects the owners of the firms from possible
losses in their stocks. They can also use incorporation to avoid paying taxes on
their shares. All of these tactics allow the business to shield itself from
legal liability. Business structures, therefore, can help to ensure that the
company is able to weather any economic storms. It is important, however, for
individuals and corporations alike to engage in market research to understand
the legal structure of businesses so that they can better manage their own
finances.


THE ENVIRONMENT – WHAT IS IT?

October 5, 2021 admin


THE ENVIRONMENT – WHAT IS IT?

The environment is a term used to describe the entire universe and the living
things that exist within it. The environment is made up of all the living things
on Earth as well as non living things such as space dust, cosmic dust, gases,
atomic particles, solar radiation and other related things. The environment is a
very broad term that can encompass many different things including human
activities and also the forces of nature. The environment is important to the
people who live in it, the animals that live in it, and the plants and algae
that exist in it.



The environment is made up of all the different living things on Earth as well
as non living things like space dust, cosmic dust, gases, atomic particles,
solar radiation and other related things. The term is usually best used in
conjunction with ecosystems, which are the living systems that co-exist within
an ecosystem. The ecosystem is where the different species of the environment
interact to maintain the stability of the environment. Within an ecosystem the
ecosystem is considered to be a living system in itself, whereas the biotic
community refers to those organisms that co-exist within an ecosystem. There are
two types of organisms that can be considered to be part of the biotic community
and these are the abiotic factors and the autotrophic factors.



Abiotic factors are those things that are necessary for the existence of living
organisms and they include air, land and water. They are necessary for the
survival of all the living organisms and they include bacteria, fungi,
single-celled algae and protozoa. They are also necessary for the development
and growth of all the plants and they include photosynthetic organisms,
oxygenators, nitrifiers, fertilizers and the like. On the other hand, the
autotrophic factors are those things that are necessary for the existence of non
living organisms in the environment including creatures such as bacteria, stars,
plants, rocks, and the like.


WHAT IS ECONOMICS?

October 3, 2021 admin

An economy is a field of interaction, production, distribution and exchange, not
only of goods and services, by various agents. In broad terms, it is understood
‘as a political domain that involve the practices, discourses and material
exchanges related to the production, utilization, distribution, consumption and
saving of goods and services’. In other words, economy is the totality of human
action in relation to the environment and it is considered as the mechanism by
which value is created and value is determined. The process of economy has many
interrelations and most importantly, it generates a demand for a market and it
also determines the size and rate of economic activity.



Economists have attempted to describe economy as the process through which value
is created and households decide how to use it in their everyday lives. For
instance, the process of economic exchange is the core of economics; it refers
to the process of creating and distributing value within an economic system.
Besides, exchange involves production and distribution of goods or services, the
transfer of cash between agents, and the allocation of available resources.
Household management is one of the important parts of economy because it affects
the overall efficiency and determines the level of production and employment.
Household management includes planning, forecasting, savings and investment,
budgeting, and repayment of loans.



The concepts of economics are used to examine how people and institutions
interact to produce and provide goods and services. Households determine the
overall efficiency of economy by making decisions concerning production and
allocation of available resources. The production of available goods and
services, in turn, affects the consumers who buy them and the level of
employment. As you can see, economics helps us to understand how things
function. Moreover, a thorough understanding of economy helps individuals and
institutions survive in a global economic environment.


BUSINESS LAW – WHAT IS BUSINESS?

October 2, 2021 admin

The word business actually comes from the words organization and means dealing
with affairs. It usually deals on long term basis. In the early years, the
creation of the joint stock company meant that there would be less need for
manual labor. These companies were more or less instituted as a way of handling
business, but they later went on to become big organizations. The evolution of
the business is what helped business to grow to become a massive entity that it
is today.



There are many types of businesses. There are those which are completely based
on the concept of joint-stock. Then there are the corporations, partnership,
limited liability companies, partnership, general partnership, limited liability
partnership and also the domain names, which can be in any of these forms. The
creation of any type of business requires that certain documents are created,
and these include the bylaws, the articles of incorporation, the operating
agreement, the shareholders agreement, the credit policy and the security
policy.



The formation of a corporation involves several other papers which cannot be
covered in this article. However, we will look at a few important topics here,
such as limited liability, where corporate law revolves around the concept of
whether or not a corporation can have limited liability. Limited liability means
that the shareholders of the corporation will not be held personally liable for
the debts of the corporation. Other important topics here include the formation
of a corporation, its nature, the purpose, number of shareholders, capital
structure, transfer of ownership, control of company assets, acquisitions,
selling of company assets, restrictions on transfer of stocks, ownership of
shares, partnerships, partnership, indemnity and finally, the dissolution of the
corporation.


WHAT DOES ENVIRONMENT MATTER?

October 1, 2021 admin

The environmental debate in present times is a huge one. This is mainly due to
the growing concerns of individuals on their personal health, as well as on the
effect of their actions on the environment. There are many differing opinions on
how exactly the environment should be viewed. One person’s view may be
completely different from another’s. There have also been debates over the years
regarding the need for human intervention in the environment.



One debate which has been going on for a long time is the effect of man-made
and/or artificially created pollution in the environment. These include the
following: air pollution caused by vehicles, manufacturing process, pesticides,
and radiation in the atmosphere, to name a few. The atmosphere consists of three
components namely water, air, and land. Man has influenced the environment by
using all three components in varying proportions. The impact of man on the
environment can be seen in the form of global warming, acid rain, and global
cooling, to name a few.



Global warming is an increasing concern because it has the potential to cause
severe climate change, which could lead to drastic changes in the way of life in
a specific area. Acid rain affects the environment by damaging the rainforests,
thereby leading to the depletion of the said eco-system. On the other hand,
climate change is perhaps the most significant change that the environment has
ever seen. It has potentially severe effects on the ecosystems, wildlife, as
well as human beings. The major impact of climate change is evident in its
effects on the ecosystems. These ecosystems cover a great area and there is a
great possibility that the changes in the climate will negatively affect them.


WHAT IS THE ECONOMY?

September 30, 2021 admin

An economy is a space of collective production, distribution, and exchange, and
the interaction of different agents with each other. In economic theory, the
term ‘economy’ refers to the total sum of values that a society collectively
provides for its members. By ‘economy,’ one generally means the total production
of all the resources available to a community in the process of consumption. The
distribution of wealth is also considered to be part of the economy, together
with its use and allocation. In addition, the term economy is also used to
define the relationships among economic units, such as individuals, groups,
communities and nations.



The most basic definition of economics is that it is the study of the methods of
allocation of scarce resources among economic units. In addition, economies are
spaces of generalized production and circulation of goods and services on the
market. In simple terms, economies are the places where goods and services are
produced and traded. The goods and services produced within economies are traded
between various producers in an open market. More advanced economies are
characterized by complex systems of production and circulation, including a
market for financial transactions.



Economies, as far as human beings are concerned, are nothing but systems of
interpersonal exchange based on secured access to the goods and services that
each person needs and demands. The production process itself is nothing but the
process of meeting the demand of the buyer. Within the broad range of economics,
there are five distinct sub-disciplines, including microeconomics,
macroeconomics, economic geography, personal economics and public economics. A
properly conceived economy seeks efficient operation of a number of interacting
economic units, in pursuit of its overall goal of meeting the needs and desires
of the marketplace.


MAIN ARTICLE: BUSINESS LAW AND THE LEGAL FACADES OF BUSINESSES

September 29, 2021 admin


MAIN ARTICLE: BUSINESS LAW AND THE LEGAL FACADES OF BUSINESSES

The word business normally refers to an entity or organization engaged in
professional, commercial, or agricultural activities for profit. Business types
can range from very small local enterprises to international multi-national
corporations. Business ideas for new ventures can come from a wide range of
fields including the arts, technology, financial services, and more. Business
success hinges on the entrepreneur’s ability to identify and target his or her
unique market niche. In order to succeed, a business needs to have a plan and be
focused on generating the highest return on investment possible.



There are various tools that a business can use to effectively manage its
business operations. Business strategic planning requires understanding the
goals and objectives of the company as well as an understanding of how it will
generate and distribute revenue. Successful companies develop intricate plans
that allow them to weather changing market conditions. A key component of
business strategy is developing relationships with both creditors and vendors by
creating strategic partnerships as well as working capital management schemes.



Business law refers to the subject of corporate law that governs specific
aspects of businesses. The main article briefly discusses the basics of business
law as well as provides some important resources for those interested in
pursuing a career in business administration or law. Business law is made up of
several sub-groups such as corporate law, employment law, property law,
intellectual property law, government regulations concerning businesses, and
licensing laws. There are also issues that affect smaller businesses, such as
issues regarding worker’s compensation and minimum wage laws. This article
provides an overview of the topics that business law addresses.


THE ENVIRONMENT WITHIN US AND ALL THE ENVIRONMENTS AROUND US

September 28, 2021 admin

Environmental science is the study of how living things affects the environment.
An area of science that studies how changes in the environment can affect human
beings is called the environment science. The environment science mainly deals
with how changes in the environment can affect the people living in those areas.



The environment science essentially deals with the study of the biotic and
abiotic factors that exist in and around the environment. The biotic factors
refer to the things that exist in and on the environment whether they are living
or non-living. The abiotic factors include the physical characteristics of the
environment including its composition, temperature, geographical distribution,
topography, and other physical features.



The study of the environment also deals with the study of the earth’s
atmosphere. The atmosphere of the earth is mainly made up of gases and other
gasses emitted by living organisms. These gasses are usually transported through
ventilation system to be distributed all over the earth’s surface. The
atmosphere of the earth is also affected by the sun’s radiation, clouds, and
other external factors. These effects of the environment form the base of
climatic science which studies the interaction between living organisms and the
environment in general.


WHAT IS AN ECONOMY?

September 28, 2021 admin

A country’s economy refers to the ways in which production, processing,
distribution, consumption and investment are arranged and managed. An economy is
generally defined as a sphere of interaction, the production, processing,
distribution, consumption and allocation of products and services, by various
agents. In simple terms, it can be said that an economy is ‘a community of
interacting economic activities’ or rather ‘a system of interacting economic
systems’. The concept of economy has occupied the minds of numerous
intellectuals, economists, sociologists, political scientists, engineers and
other interested parties. Since time immemorial, the idea of economy has been
recognized and has had various applications both in the domestic as well as in
the international field.



As far as the analysis of an economy goes, there are three basic categories of
economies. The first one is called the Steady-state economy. This type of
economy enjoys economic growth and has a level of inflation; however, the level
of growth is considered to be appropriate and proportional to the level of
consumption and investment. The second category of economies is called the
Systemic Economy. In this case, growth in the economy depends on the
accumulation of capital, on increasing productivity, on enhanced technology, on
government policy and on international trade.



The third category, which is perhaps the most interesting in the sense that it
involves a mixture of economies, is called the Hybrid economies. These economies
experience growth, but are capable of increasing or decreasing the rate of
growth depending on the condition of the environment. In this respect, they
appear to be something like rent-operated or for rent-to-own economies. It is
also worth noting that the term economy has been used since the time of Ancient
Greece, when the term economy was used to define the taxation system of that
era.


BUSINESS LESSONS FROM ECONOMICS

September 27, 2021 admin

A business is a legal entity in which individuals work together to produce and
sale goods or services to customers. In a normal business, individuals either
hire other individuals to work for them or buy the goods and services
themselves. The owner of the business is the individual who hires workers for
particular work.



A firm is a legal business in which a firm owns certain property. A firm usually
employs more workers and produces a higher amount of total revenue than a normal
business. When a firm expands, a new firm would be a new business.



A business produces and sells a product or service that earns a profit. The
profits are not distributed automatically to all the stakeholders although they
are earned by the firm as a result of their efforts. A business with less
revenue would receive less profits. A firm works towards increasing profits
through the use of key terms, such as cost-cutting, better sales, expansion,
etc., and through the implementation of cost-saving measures that will increase
overall profits. a social one. Firms should consider the values and beliefs of
their stakeholders when determining whether or not they should add value or make
improvements to their businesses.


THE IMPORTANCE OF ENVIRONMENT

September 26, 2021 admin


THE IMPORTANCE OF ENVIRONMENT

When we use the words environment, it can mean many different things to a number
of people, and is even used in different ways within the same topic.
Environmental science basically encompasses the study of how the environment
affects everything in it. The environment has been described as the world in
which we live, breathe, work, and live our everyday lives. The natural
environment or biological environment encompasses all living things and non
living things occurring naturally, which means without artificial interventions.
The word is most commonly used on the Earth or parts of the Earth.



There are many different types of environments and they are all associated with
natural processes, such as biogeochemical cycles, chemical cycles, and physical
processes. There are several theories and research on how the environment
varies, for example, climate change, the absorption of CO2 by the oceans, and
climatic changes. Climatic change refers to the gradual changes in the earths
temperature, which can lead to ice melting, drought, flooding, super storm, and
other severe weather conditions. One of the biggest environmental issues of our
time is global warming. The issue has been debated between scientists for many
years, and there is still disagreement about what causes it, although most agree
that it is caused by human activity.



The physical environment is made up of the earths surface, atmosphere, and the
organic material in the soil and in space. The earths atmosphere is continually
in a state of chemical cycles, where there are continually replenished. This
creates an environment where there is always something new to learn, and new
living organisms are constantly being produced. The earths surface, being very
flat, allows for hydrostatic pressure to build up under the earths surface,
which is what heats up the ocean and melts the ice. All living organisms in the
ecosystem need a living medium to reproduce and thrive, and if they don’t have
that medium they cannot survive.


THE WORLD OF ECONOMICS

September 24, 2021 admin

In economic terms, an economy is a place of the exchange, production and
distribution of goods and services, by various producers and other agents. In
laymen’s terms, it is defined as ‘a community of persons, associations,
organizations and political units based on the norms of community production and
consumption.’ The production of wealth is not only the product of human labour
but also of machines and other technological developments. Economists define a
stable economy as ‘a market economy in which goods and services are produced and
exchanged according to the physical needs and desires of the individuals.’



In the narrowest sense, economics refers to the science of how people, firms or
households allocate scarce resources to satisfy their competing wants. More
precisely, economics uses concepts like opportunity cost of capital to analyse
the allocation of scarce resources across various economic positions and
institutions. Economics has long been a field interested in the widest range of
human action, affecting all aspects of life from investment choices to
international trade. This discipline has been greatly influenced by the work of
such giants as Nobel Prize winner Sir Alfred Nobel, who is responsible for the
great aim of establishing the institution of a national bank. Economics is the
study of how people, individually or collectively, make decisions about how to
allocate scarce resources so as to meet their needs and compete successfully for
position in the marketplace.



Today, economics is one of the most important fields of research because,
literally, everyone has an opinion on how to organise society. Even in the
simplest societies around the world, people have a stake in how their societies
operate, what governments do, what industries should develop and how much money
the public spends. All over the world, people living in wealthy countries spend
much more on the basics of life than those living in poor countries, despite the
fact that there is much more money available to them. This has led to serious
problems like inequality of wealth, poverty and hunger. Economics offers many
solutions for these issues and it holds the key to the future of economies.


BUSINESS BASICS – WHAT IS A BUSINESS?

September 23, 2021 admin


BUSINESS BASICS – WHAT IS A BUSINESS?

A business is defined as any entity or person organized for the purpose of
earning profit. Businesses may be for-profit or non-for-profit organizations
which conduct to meet a social cause or further a personal charitable purpose.
In either case, business activities must be conducted on a day-to-day basis and
results must be regularly monitored. Business may also be concerned with
manufacturing, trading, processing, distributing, holding auctions, franchising,
leasing, and marketing. Basically, any activity performed by any of these
entities to earn revenue qualifies as a business.



The term “corporation” is most commonly associated with businesses. However,
there are many types of privately owned businesses, partnerships, and
organizations which are considered to be corporations. All these types of
businesses have one thing in common; they are registered at the country level
with the government office. This registration is necessary in order to provide
the required licensing and permits to carry out their respective activities,
which is required for all businesses. All corporations are limited in the power
to bind their assets and in the authority to create double entry book keeping,
corporate naming rights, limited liability, and advertising privileges.



Limited liability means that the owners of the corporation are individually
liable for the debts of the corporation. All the powers that the owners can
exercise are limited to the extent of the power delegated to them by the
articles of incorporation. There are various types of corporations, each with
differing degrees of liability and accountability. The most common forms of
corporations are limited liability partnerships (LLPs), limited liability
company (LLC), and corporation. Each of these has its own advantages and
disadvantages and should be studied carefully prior to choosing the most
suitable form of business entity for you. Please do not hesitate to contact us
if you need help regarding the selection of the perfect business entity for you.


WHAT IS THE ENVIRONMENT?

September 22, 2021 admin


WHAT IS THE ENVIRONMENT?

The environment refers to the entire living and non living things existing on or
around a planet. The word is most commonly used to describe the Earth or parts
of the Earth. It covers everything that exists on or near the surface of the
earth including air, water, land, ice, rocks, trees and ice caps, oceans and
lakes, and vegetation. This describes the entire natural world and how
everything on it is related to one another. The environment plays a very
important role in human society since people need all the living things on earth
for survival.



For a long time, the environment included only the earth with all other solar
systems and other celestial bodies like stars and galaxies. With the discovery
of the planet Planets, comets and meteorites, the environment has now included
not only the earth but the moon, planets outside the earth, stars, and other
heavenly bodies as well. On the other hand, since the modern era, the
environment has also included humans as major contributors to environmental
pollution.



Basically, the environment is a term used to describe the entire living and
nonliving world on earth. A human being is an essential part of the environment.
Therefore, the way humans live their lives directly affects the environment. The
use of non-renewable resources such as petroleum, coal, wood, gas, and other
solid wastes pollutes the atmosphere. Thus, people have to be aware of the
importance of caring for the environment by avoiding all non-renewable
resources.


WHAT IS THE ECONOMY?

September 21, 2021 admin

The term economy has various meanings and can be used in a number of different
ways. For instance, an economy is any place where all agents involved in
producing, distributing, and harvesting the resources use the same system to do
so. An economy is also a set of interacting individuals who use the same system
to reach a common goal. Economists, political scientists, and other interested
parties all use the term economy to describe the ways in which economic activity
links people, places, and bodies.



Many people think of economics in the broad sense of the field of study that
includes such fields as law, accountancy, business, health care, and so on. But
economics also has a very detailed narrow scope, often referred to as
microeconomics. Microeconomics is about the decision-making process that leads
up to the economic activity of individuals. In short, microeconomics is the
field of study that examines the interactions between individuals in society.
Most economic thinkers, including mainstream economists, would define economics
in this way.



Economics distinguishes between the good and bad, the urgent and the convenient.
The former are called goods in this light, while those that are not goods are
called non-goods. The distribution of scarce resources, for instance, is the
focus of economics. The distribution of wealth, including salaries, wealth
produced by employment, profits and wealth owned by individuals, is the topic of
economics. Finally, economic growth is the objective of economics, since such a
goal would require individuals and institutions to make decisions that maximize
their own welfare.


THE DIFFERENT TYPES OF CORPORATION FORMATION

September 21, 2021 admin


THE DIFFERENT TYPES OF CORPORATION FORMATION

A business is defined as any type of entity that performs a specific activity to
bring about an income. The activities performed by businesses may be physical,
including production and sales of tangible assets or non-tangible assets, such
as accounts information or intellectual property. Activities may also be
non-physical, such as production, advertising, distribution, and management of
financial assets. In order to perform any of these activities, businesses
require capital, equipment, and employees. Capital is the amount needed to
finance the activities of a business, while equipment and employees are needed
to perform those activities.



A corporation is simply a separate entity from its owners, which allows it to
have different types of tax status and liability compared to other businesses.
Most corporations file their income taxes with the Internal Revenue Service
using a Schedule C, which lists types of eligible income and deductions.
Corporations may also elect to be a public company in order to enjoy more tax
benefits. However, unlike a sole proprietorship or partnership, a corporation
must have shareholders and must meet certain requirements, such as having a
minimum paid-in-capital and a majority of shares of ownership held by
shareholders. Private companies are generally not required to meet many of the
reporting requirements of corporations, although they can benefit from many tax
write-offs. An important feature of a corporation is that it may be organized in
a variety of different ways, which allows many businesses to be incorporated in
various countries.



For profit businesses, all profits are considered taxable income by the Internal
Revenue Service. In order to have its income treated as a profit, a corporation
must have constant employment and production and sales of products or services.
Many large corporations use pass-through entities to allow their profits to be
taxed as salary or self-employment income instead of taxable income.
Pass-through entities do not incur payroll taxes when the employee receives
money from the corporation and then immediately deducts the amount from the
employee’s paycheck.


ENVIRONMENT – THE WEB OF INTERACTING SPECIES

September 19, 2021 admin

The natural environment covers all living things and non-living objects
occurring naturally, which means that in this case not synthetic materials are
used in their production. The term is also frequently applied to various regions
or the Earth. For example, the phrase ‘land’, as used in Australia, New Zealand
and Canada, refers to the surface of the earth or any part of it, while ‘waters’
is used in the United States, the phrase referring to bodies of water such as
oceans, rivers and lakes. The term ‘air’ refers to gases or vapor, or the
atmosphere, while ‘land’ refers to a specific location on the ground.



Natural environments encompass all forms of living organisms, including plants,
fungi, bacteria and even humans. The environment has the power to regulate the
rate of evaporation, precipitation, temperatures, and atmospheric constituents
such as humidity, density, wind, ultraviolet radiation, earthquakes and even
ticks. It is said that everything is connected, therefore the natural
environment is important for the survival of all living organisms. Since all
living things need food, the food chain needs to be healthy for all. The quality
of the environment also affects the quality of the living organisms that exist
in it, thus there is a great need for the natural environment.



Many people think that if the environment is good then the living organisms are
healthy and will survive, however this cannot be further from the truth. No
matter how clean and perfect the environment may be, the environment is complex
and the delicate balance required by the living organisms cannot be easily
obtained. The environment influences all aspects of an organism from its size,
shape, position, form of symmetry, shape, growth, movement and population. Thus,
in order to describe the environment, it is termed as a biological system. It is
the combination of all interacting organisms that work together to reproduce,
grow, survive and die. Every living organism is part of the environment and
therefore the environment is a web of interacting species.


WHAT IS THE ECONOMY?

September 18, 2021 admin

An economy is a physical place of production, distribution and exchange, and the
interaction of different agents producing and exchanging goods and services. In
economic theory, it is defined as a social field of the exchange, production and
consumption of various goods and services, with minimal interaction. It is also
called the productive frontier, since it refers to the frontier line separating
countries with different economic policies. In modern economic theory, the term
economy is used to refer to the entire field of economic activity as well as the
processes that drive it.



The scope of an economy is vast, since it can be classified according to its
degree of complexity and number of products. A simple economy is characterized
by generalized reciprocity between producers and consumers, where exchange and
production have no limits. A complex economy has a more intricate network of
interacting economic agents, producing, distributing and trading goods and
services on a long-term basis. Complex economies are characterized by a
bargaining system for the allocation of scarce resources, creating value through
production and distributing goods and services over a wide geographical area.



A very important concept of economy is the concept of money. Money, unlike goods
and services, can be produced, processed, bought and sold at the will of the
market, without any need for a physical bank. Money is the primary medium of
exchange in a complex economy, with all other factors acting as stimulants on
the process. The process of money production is called production; the process
of money distribution, called circulation, is called a transaction.


MAIN ARTICLE OF THE CORPORATE LAW

September 17, 2021 admin

A business is defined by the US Congress as an entity or individual engaged in
commercial, administrative, or marketing activities for other than personal
gain. Most businesses are for-profit enterprises or non-profitable organizations
that perform to meet a social cause or further a non-business purpose. In most
developed countries there are multiple types of business. In India there are
approximately 200 million small and large scale businesses.



Many businesses are classified under government enterprises and corporations. A
government enterprise is a company organized as a public company under the state
law. A public company is an international body managed by boards of directors
appointed by the government. The purpose of these companies is to operate for
the benefit of the public. Not all businesses are classified as either
corporations or public businesses; many businesses are only privately owned
entities.



The main article of the corporate law states that a corporation is a legal body
organized for the benefit of its stockholders. Every member of a corporation has
equal legal rights. The main article of the commercial law states that a
partnership is a partnership that subsists for the benefit of all the members of
the partnership. A limited liability partnership is a business structure that
involves two or more entities rather than one. Private Companies and Private
Individuals can engage in trade on the internet, in real life or on a virtual
platform.


SOME DIFFERENT DESIRES OF NATURE

September 16, 2021 admin

Environment refers to a variety of things that have an influence on the way we
live in the present period, either by influencing us to behave or act in a
certain way or affect our environment in a negative or positive way. There is a
broad range of environments and one will generally need to think about the type
of environment needed. The environment could be environmental impact in the
scientific community often termed as the natural environment, which is the
entire Earth system including air, land, oceans, ice, subsidence, groundwater
and climate. The natural environment is generally considered to encompass all
living and non living things existing naturally, which means that not
artificially.



The term is also frequently applied to a specific region or part of the Earth,
often within a geological region such as an ecosystem, biosphere, hydrostatic
environment, or political environment. Within ecosystems there are systems which
are defined by ecosystems with varying levels of organization, function,
connectivity, and connectivity. In other words it can be said to cover a range
of different ecosystems, which in turn provide a habitat for a wide range of
different types of organisms and their respective habitats.



An important aspect of the environment is how well it has been maintained, which
may require intervention from time to time in order for it to continue to
maintain what it needs for a long time to come. The maintenance may take the
form of scientific interventions, such as research, monitoring and research, or
it could take the form of economic activities such as regulating markets,
regulating production and consumption, and controlling pollution. Sometimes the
need for scientific intervention is for obtaining a better understanding of the
real composition of the environment so that the effects it produces on living
organisms can be altered. For example, if some part of the environment is
overpopulated by some type of unhygienic organism, it would be necessary to find
a way to alter the conditions so that the organism can no longer survive and so
that the overall quality of the environment is improved.


WHAT IS MICROECONOMICS?

September 9, 2021 admin


WHAT IS MICROECONOMICS?

An economy is a particular area of human production, consumption and
distribution, as well as the interactions and relations of different agents
involved in the process. In economic terms, it is defined ‘as an ensemble of
practices, discourses, beliefs and practices that maximize the productivity of
human beings through the allocation of productive assets’. Economists and other
experts in the field consider an economy to be a system in which production,
consumption and distribution take place in a market, with all of these processes
taking place under controlled conditions. An economy is said to be a market
economy when the prices of the products of production are determined by demand
and supply factors, without the intervention of any central agency or force.
Prices in an economy are usually determined by the circumstances prevailing at a
specific time.



The basic definition of economics is that ‘the study of how people and their
actions affect the process of production, consumption and distribution’. In
simple economic language, the study of economics can be said to be the study of
how different goods and services are produced, allocated and traded in a market
economy. In a market economy, the products are produced in various markets. The
distribution of these goods and services, both domestic and international,
occurs in a market. There are four basic kinds of economies: the
capital-constrained economy, the endogenously self-equipotent economy, the
problem-solving economy and the inclusive society-based economy.



A good example of a macroeconomic term is’Gross Domestic Product’, which is a
commonly used term in economics that summarizes the value of all product output.
A macro-economic concept is a much broader concept that also includes the
macroeconomic indicators that are needed to monitor the performance of
economies. The concepts and principles of macroeconomics include macropricies,
interest rates, public spending, balance of payments and structural balance.


WHAT IS AN ENVIRONMENT?

September 7, 2021 admin

A person’s environment is not only the physical surroundings but also the
emotional and social factor of a person. The environment of a person can be
broadly divided into five categories, which are the physical environment, social
environment, human environment, biological environment and technological
environment. The human environment includes the physical body, mind and emotions
of a person. The other categories of environment include the social environment,
human culture, physical sciences, information and communication systems,
economic and political systems. The environmental factors that exist are usually
considered as forces that act on or against a person.



A non-living object or non-living thing is anything that does not require being
alive to be affected by it or by its natural environment. Non-living objects are
the concepts and residues left by living things such as plants, fungi,
microorganisms, cells, animals and humans. The non-living things include the
non-natural environment, the ionic potentials and the abiotic conditions. The
non-living environment includes the nonliving structures and surfaces of the
planets and stars.



The living environment is the entire physical and chemical makeup of the planet
that includes all living and non-living things present in the same system. The
living environment is the sole source of life on earth and is a very complex
system. The living environment also includes the ecosystems, the biogeochemical
cycles, the radiation processes, and the physical sciences. The living
environment requires adequate resources for the maintenance of its stability and
serves as an interface with the outside environment. The external environment of
the earth includes the atmosphere, the space weather, the ionosphere, and the
extragalactic ocean.


WHAT IS THE GREEN ECONOMY?

September 6, 2021 admin


WHAT IS THE GREEN ECONOMY?

The term ‘economy’ is used broadly to cover a number of economic activities and
concepts. At its most basic, it means the exchange of goods, services, capital
goods and financial resources for the purpose of maintaining a particular level
of productive efficiency. In simple terms, an economy is a set of interactions,
which include production, allocation of productive resources, consumption,
investment, disposal and prices. In general, it’s defined as ‘a socio-economic
domain that define the practices, goods, services, capital goods and financial
resources used by various agents in the production, allocation and utilization
of goods and services’.



A simple economy is the exchange of goods, services, capital goods and financial
resources between households, producers and providers on the basis of market
exchanges that take place within the marketplace. It is often compared with the
theory of the demand-able goods, where production potential is determined by the
current inputs available to the producers of those goods and services. The
differences between this theory and the simple economy is that the market prices
of the goods and services are not determined by the needs and requirements of
the consumers, but are the result of the activities of large and small
businesses that determine their relative prices. The theory of the demandable
good, on the other hand, assumes that the production and inputs of goods and
services are inputs into the production process of other firms, allowing the
consumers of these goods and services to determine their relative needs. The
simple economy, on the other hand, assumes that market prices are determined by
the supply and demand of the goods and services at a particular date.



The green economy aims to increase the efficiency of economic activities through
the use of natural resources. It is a form of economy that has evolved out of
the practices of a conventional economy. It aims to regulate the production and
allocation of natural resources, using various economic strategies. Unlike the
traditional economy, the green economy attempts to improve the efficiency of
economic production through the use of a knowledge-based economy.


FOUR KEY TAKEAWAYS KEY POINTS ABOUT BUSINESS LEARNING OBJECTIVES

September 5, 2021 admin

A business can be defined as any type of enterprise or organisation that engages
in commercial, industrial, or service activities for profit. In simple terms,
business activities are conducted with the intent of earning a profit. Business
enterprises can either be for-profit organisations or non-profitable non-profits
that work to fulfil a social need or further a particular social cause. However,
business owners must also ensure that the activities of their companies
contribute positively to society at large.



Learning objectives The aim of this document is to provide businesses with four
learning objectives to help them develop a strategic learning program to achieve
their long term goals and the future economic value added of their businesses.
These learning objectives are: to build sustainable competitive advantage,
enhance internal management competencies, build value from externalities, and
improve our environment. These learning objectives are not only designed to
guide individual businesses on achieving their learning objectives but also to
provide a broader context for business decision makers to understand the
important role of the private and public sectors in shaping our economic future.
This will have significant implications for the way government provides economic
policy support.



Strategic Management Learning Objectives Key Takeaways: To be successful,
businesses need to engage in strategic management in which they develop and
implement a set of strategies to achieve certain business objectives. These
strategies are used to achieve certain levels of return. These strategies can
often be implemented by using various forms of investment. They can also be
implemented by involving key people from various parts of the business and
putting them together in a corporate team to achieve collective goals. These
corporate teams can then create and manage a series of strategies to achieve
different levels of returns for the businesses.


MAIN ARTICLE: BUSINESS

September 2, 2021 admin


MAIN ARTICLE: BUSINESS

The Business is the single most important aspect of any country’s economy. A
business is generally defined as a commercial entity or organization engaged in
business activities aimed at developing and maintaining the economic well-being
of society. Companies may be either for-profit or non-profitable entities that
work to meet a social purpose or further a worthy social cause. Although not
every person, organization, institution, business, government, etc., are engaged
in business activities, many of the major economic activities in the country
today, like the manufacture of consumer goods, energy products, etc., derive
their roots from various types of business activities.



All businesses are said to be conducted for profit. However, corporations are
not always businesses that engage in trade, produce commodities, etc., but
rather are legally organized as legal corporations. This structure was put into
place by the US Congress as a way of ensuring that profits would be channeled
back to shareholders rather than being used to finance other ventures. Today,
only the largest corporations can legally form corporations because they can
show proof of personal assets exceeding the total value of all shares or, in the
case of stock ownership, securities issued on behalf of the corporation.



Although profits are the main aspect of all businesses, they do not always
produce the best results. Capital is one aspect of any business that has both
positive and negative effects. Banks are often used as a source of
banks-liabilities, including commercial ones, in which loans are made for
investments and which pay interest and dividends to owners or creditors. In
short, the most common form of financing businesses use to finance their
businesses are loans and debits.


WHAT IS THE NATURAL ENVIRONMENT?

September 1, 2021 admin


WHAT IS THE NATURAL ENVIRONMENT?

The natural environment is the one which surrounds us. It is the sum total of
all life that exists on earth and the non-living things that exist in the
atmosphere. In this sense the natural environment means all living and non
living things existing naturally, which means in this case of artificial neither
artificially nor man made. The word is often used to describe the surface or a
particular region of the earth. For instance the ocean’s depths, or the forest
canopy in tropical countries, or the desert in other countries, are all part of
the natural environment.



The primary aim of the natural environment is to ensure that biodiversity and
the quality of the ecosystem are maintained in balance so that the functioning
of ecosystems as a whole is not damaged. For this reason conservation and
sustainable use of the natural resources are essential. There are numerous areas
where natural resources are being depleted at an alarming rate, with many of
them in conflict with one another. These include the vast forests in countries
such as Brazil, Indonesia and Malaysia, the huge seas filled with raw sewage,
the coral reefs and the air above them all.



Many environmental policies are aimed at improving the environmental impacts of
human activities. These include preventing damage caused by land and
surface-based activities, including activities such as deforestation, clearing
of land for agricultural or other purposes, mining, and transportation. While
these activities can have a valuable resourceful effect on maintaining the
natural state of the ecosystems, they are known to have serious consequences on
the living organisms that depend on them for their survival. The extinction of
species has become a very common phenomenon, especially in the last century and
is one of the biggest challenges for mankind. The aim therefore is to ensure
that the ecosystems do not lose their diversity, or the ones that have been
affected are brought back to their natural conditions through sustainable use
and restoration of the environment.


WHAT IS ECONOMICS?

August 31, 2021 admin

What is economics? An economy is a particular area of the market exchange,
production and distribution of products and services, by various agents acting
on behalf of their fellow consumers. In simple terms, it is defined as a social
community that define the cultural practices, discourses, and objects related to
the production, utilization and control of economic resources. Economists, by
contrast, are persons who study how individuals and institutions organize
production, distribute, market and save resources. There are various schools of
economic thought prevalent in today’s society, each anchored in its distinctive
interpretation of the classical economic problem.



Classical economists distinguished between the economic problem of production,
distribution and consumption, on the one hand, and the political problem of
politics, land ownership and taxation on the other. The problem of production
refers to the capacity of a physical product to satisfy the demand of consumers.
On the other hand, the problem of distribution refers to the efficiency of a
distribution system. Finally, the problem of government finance refers to the
ability of a government to efficiently invest the accumulated wealth of a
country.



Modern macroeconomic theories concentrate less on the definition of an economy,
as they see the study of economies as part of macroeconomic theory, which
postulates the inter-dependence of economic variables. Hence, there is more
emphasis on understanding macro economic concepts like inflation, unemployment
rates, balance of payments, interest rates and international trade. The main
macro economic concept is expressed in the concept of economic growth, which is
the rate at which economic inputs, such as labor and capital, are used in
raising the level of Gross Domestic Product (GDP). Economic growth is a basic
concept of macroeconomics, which expresses the ability of a country’s economy to
increase the level of Gross Domestic Product, or its gross domestic product
(gDP).


MAIN ARTICLE ON BUSINESS – HOW TO START YOUR BUSINESS

August 30, 2021 admin

The first step to starting your own business is to define what type of business
you want to start up. A business is loosely defined as a separate entity or
organized set of activities undertaken to bring together the profit and the
greater good. In business, individuals are the entrepreneurs who conduct
business affairs and make money. Business enterprises may be either for-profit
or non-profitable organizations that work to meet a social purpose or further a
charitable cause. While it’s easy to think of business owners as wealthy
individuals, business owners often have a wide range of responsibilities and
income. The better organized your business is, the more opportunities there will
be to take advantage of various aspects of your life to help your business grow.



Intellectual property is another important issue to consider when building your
business. This refers to the idea or concepts behind your products or services,
as well as the methods and procedures used to create and produce those products
and services. It is often used by business owners to secure the future of their
businesses, as well as to avoid breaching other people’s intellectual property
rights.



A very important main article to business planning is corporate law. Corporate
law is primarily concerned with setting the legal framework for a corporation,
and the basic functions of any hybrid private/commercial entity created by the
law. As you probably know, corporations are mostly created by some kind of
entity, which then grants them the legal rights to carry on business under a
corporate form. Some examples of such entities are limited liability companies
(LLCs), public companies, partnership, Limited Liability partnerships (LLPs),
and corporation all of which are formally created by statute, but not yet
incorporated as legal bodies by the UK’s Commercial Law Rules. The main issue
with corporate law is that there are several types of entities, and different
types of companies, and so the precise formation of your company will depend on
its exact purposes.


AN INTRODUCTION TO THE ECONOMIC SYSTEM

August 29, 2021 admin

An economy is an ensemble of the distribution, production and exchange of goods
and services, by different agents, within a community. In economics, the term,
economy, is used to refer to the processes, patterns and relations that regulate
the interaction of people within a community or society. In broad terms, it is
defines as ‘a social realm characterized by the practices, discourses,
institutions and material manifestations associated with the production,
management, utilization and control of resources.’ It is also defined as a
‘collective body of people and institutions which may vary from community to
community.’



Economies have been described in various terms. For example, some economists
define a contemporary economy as a system of markets and relationships in which
prices are determined by the demand and supply functions of the market
participants. On the other hand, the theory of economic systems suggests that
there are numerous possible forms of economies. Within the narrowest sense of
the term, economies are collections of goods, services and activities that are
produced and exchanged according to a particular law or price signals.
Economists also define economies as living standards of the level most
appropriate for the members of the community.



Examples of modern economies include commodity and capital economies, natural
resource and welfare economies and political economies. The classical liberal
conception of the economy denies the existence of a unique economic system,
maintaining instead that there are only two distinct kinds of economies: namely,
the capitalist economy and a socialist economy. The distinguishing features of
capitalist economy are that it involves a direct exchange of goods, services and
resources between producers and consumers and that it is characterized by the
creation of surplus value, i.e., surplus value generated through the investment
of human and physical resources.


ENVIRONMENT VARIABLE MANAGEMENT

August 26, 2021 admin

Environment refers to everything that exists in the physical world including the
non-physical aspects such as air, land, water, sun, and so on. The natural
environment encompasses everything living and non living things happening
naturally, which means in this case non-human. The word is most commonly used to
describe the entire Earth or parts of the Earth. It includes living organisms
such as plants, soil, animals, humans, and other kinds of geology,
geophysiology, and planetary formation.



The use of the term “natural environment” began in the late nineteenth century,
with the publication of Charles Darwin’s book, The Origin of Species. It
explained how all living things on Earth came about through natural processes,
without the interference of any outside forces. Since then, the scientific
community has explained everything regarding the natural environment, including
how it came about, and how it is maintained today. However, over time different
theories have been developed that attempt to explain how the environment might
be created artificially. In addition to this there are also discussions
concerning the effects of human activity on the environment, such as the
depletion of the ozone layer, global warming, and other man made problems.



There are several ways in which the environment can be managed. Managers are
involved in the planning, organization, and controlling of the environmental
variables. They do this by implementing techniques that deal with external
factors such as construction, design, materials, power, temperature, lighting,
ventilation, and communication. There are also those involved who control and
monitor the environmental variables in office buildings and factories. In this
way they ensure that everything runs according to plan, and that the building
functions properly for the utilization of the resources available.


WHAT IS A SIMPLE ECONOMY?

August 25, 2021 admin

An economy is a place of association, exchange, production and distribution of
products and services, by different producers. In economic terminology, it is
commonly defined as ‘a social network that emphasize the practices, modes, and
materials of production and consumption by various producers.’ The different
producers can be grouped into classes according to their relations to one
another such as rich, poor, medium, or developing. It is also sometimes grouped
according to their ability to produce and sell goods, such as productive,
non-productive, and developing.



In simple economy, money is usually used as the measure of value. Goods and
services are not exchanged nor measured with any kind of units. Rather, the
value of the product is determined by its usefulness and the needs of the
community, where it will be produced. Simple economies operate on the principle
of ‘useful to others, costly to none’ (Waldheim & Pickering). For instance, two
households in the community may decide to exchange raw materials such as oil for
other goods in the form of money, so that every individual in the community has
access to sufficient funds to obtain food when they need it.



Economists suggest that, because of the existence of complex markets and other
factors affecting the distribution of income and prices, the distribution of
wealth in society is not normally distributed equally. Instead, there are
differences in wealth between classes and even within classes. Simple economies,
on the other hand, tend to distribute income more evenly between individuals
through the operation of complementary market arrangements among businesses that
purchase the raw materials or other resources of consumers and sellers of these
goods and services who offer them as compensation for their services. The most
important economic characteristic of a simple economy is the existence of a
product market where producers and sellers meet to determine the price that each
class of consumers will pay for the services they need to provide. The prices
are set so that each class has enough money to provide its needs and, hence,
have enough money to invest and save for future goals.


COMMON TYPES OF BUSINESS PROFITS

August 24, 2021 admin

An individual who is not a professional or resident of the United States may not
qualify as a sole proprietor for purposes of the US tax law (section 5 Shibler).
A business is defined as any entity or individual engaged in commercial,
investment, or administrative activities for profit. Businesses may be either
for-profit corporations or non-for-profit organizations that work to meet a
social cause or further a charitable purpose. A US citizen can form a
corporation, but only if the corporation is not a company organized under the
laws of the United States. It must be recognized by the United States customs
and should register its name under the laws of the state in which it is
established.



One of the most important aspects of a business is its profit or income. Profits
are usually the basis for all other assessments of a business’s capital
structure. Common types of measurements of profits include gross revenue and net
revenue. Other measures of profits are the extent of assets (in the case of
publicly traded corporations), the extent of liabilities, and net worth. All of
these measurements are used to determine the value of the company.



Dividends are payments made by a corporation to its shareholders, in order to
dividend on their shares in the profits of the corporation. Payments may be
annual or semiannual, and shareholders may choose to receive payment in cash,
stock options, or paid dividends in addition to or in place of regular income
payments. A corporation may also pay dividends to its registered agents on
behalf of its shareholders. All dividends are reported to the IRS in the
corporation’s balance sheet, and the corporation must file its tax returns with
the IRS.


THE RELATIONSHIP BETWEEN HUMANS AND THE ENVIRONMENT

August 23, 2021 admin

Environmental science is an area of study that seeks to define and describe the
changes in the environment over time. It looks into how humans interact with
their environment and what the effect is on ecosystems. This is also a branch
that studies how human activities affect the environment and how their impact is
distributed over various ecosystems. In this case the term environmental is used
broadly to cover all living and non living things existing naturally, which
means outside of human habitation. The term is often used to describe the Earth
or specific regions of the Earth.



One of the main areas of research involves global warming. This has been a
problem for many decades, as it has shown no sign of abating despite attempts at
mitigation. The main cause of global warming is the release of carbon dioxide
and methane as by products of fossil fuel burning, industrial pollution and
agricultural emissions. The other major factor is the increase in the
concentration of heat around the earth. A major result of this is the increase
in global temperatures known as global warming.



There are many theories regarding the relationship between humans and the
environment. Most scientists agree that natural systems provide for the
maintenance of biodiversity, stability of the environment and serve as a source
of food and other natural resources. As people invade and deplete natural
resources, their population and economy will decrease, potentially bringing
about the loss of natural resources that have sustained the existence of human
beings for millions of years. Other theories state that the changes in the
global warming theories will lead to a reduction in the sustainability of the
natural environment leading to a breakdown of the ecosystem and mass extinction
of some species.


THE CONCEPT OF THE ECONOMY OF THE UNITED STATES

August 22, 2021 admin

An economy is a place of relative comparative analysis, the arrangement of
resources to achieve the economic objective. In economic theory, the term
economy refers to the relations between economic units as distinguished by
differences in their prices, output, employment, income, investment, technology,
politics, geographical location, etc. An economy is also an environment in which
agents make use of economic decisions, planning and resources to secure their
position in society, the family, the community or the nation. In broad terms, an
economy is a political and social web in which the major economic activities of
the individuals take place. The process of economic growth is referred to as
economic growth.



In a market economy, prices rise and fall in response to demand and supply. In
an economy based on the principles of classical economics, inflation is deemed
to be a harmful phenomenon. In an inflation economy, increases in the general
level of living are accompanied by rises in prices of selected items of
necessity and luxury. Inflation causes a tendency to widen the gap between rich
and poor. Inflation is characterized by the rise in the level of general price
level, which in turn is transmitted to other aspects of an economy. For
instance, in an economy where industrial growth is high, rising oil and other
prices may lead to widening the gap between the rich and poor.



Unlike classical theory, modern economic models treat the economy as a system of
interacting autonomous economic agents with divergent potentialities. These
agents, guided by market expectations, attempt to coordinate their actions so as
to maximize the level of satisfaction of the demands of their customers. It is
in this light that state structure is related to the level of economic welfare
of the country. The existence and the operation of a market economy depend
largely on the existence and functioning of markets. The United States of
America is one of the most successful and prosperous countries in the modern
world.


BUSINESS

August 21, 2021 admin


BUSINESS

A business is defined as any entity or organization that engages in commercial,
professional, or industrial activities for profit. Businesses may be
for-profitable entities or non-profitable ones that engage in social causes or
to meet a social objective. There are many categories of businesses, such as
partnerships, joint ventures, franchise, licensing, and brokerage firms. A
partnership is a group of two or more people that share equal interests and
responsibilities.



A business can be established through a number of different ways; the most
common being that a corporation is created by signing a written agreement known
as an ‘Articles of Organization’. A partnership is formed by more than one
individual, and a sole proprietorship is a sole ownership entity. However, the
term ‘sole proprietorship’ is not legally considered a valid definition of the
term ‘business’ because a partnership has an equal partnership interest with
others. In contrast, the term ‘sole proprietorship’ is only legally defined when
the owner is the sole owner of the business.



There are three basic differences between a corporation and a partnership; there
is no publicly traded share, there is no right to vote, and there is no ‘power
of attorney’. Also, in the case of a corporation, there is limited liability.
Limited liability is important in the case of any lawsuits against the company
because if there is a lawsuit, the liability of the corporation cannot be
increased from the shareholders unless the court approves the increase. However,
in the case of a limited liability partnership, there is no liability if the
partners do not agree to the formation of the partnership. These differences are
important aspects of the formation of a business.


ENVIRONMENT, HUMAN DEVELOPMENT, AND THE ECOSYSTEM

August 20, 2021 admin

The environment refers to everything that exists within the earth’s atmosphere,
including the climate of the surface, the vegetation, animals and the other
things on earth. The earth’s atmosphere is constantly in a state of evolution,
shifting from the state it was in earlier. This process has left the earth with
many different ecosystems, each with its own characteristics, living and extinct
animals, plants and minerals. The environment is also continually being
disturbed by human activities, making it either a very comfortable or an
inhospitable place to live. These factors have resulted in the diversity of the
earth’s environment.



The environment is considered to be the physical and chemical composition of the
earth in its present-day state, including all living and nonliving things
currently existing on earth. The terms biotic and abiotic are used to describe
the earth’s ecosystems as they were in their most stable state. The word abiotic
is usually applied only to the surface or at the least some portion of the
earth’s soil. The term biotic refers to those ecosystems in which living
organisms occur naturally and those in which they have been artificially
introduced. Abiotic ecosystems may exist in conjunction with one another or
independently, with some examples of these ecosystems being escapes.



Environment plays a major role in human developments. For example, without the
presence of oxygen and other air-breathing chemicals in the atmosphere, life as
we know it would not exist as we know it today. The impact of the environment on
us can be seen in the way we treat the earth system, the quality of our lives,
and the pollution that we produce. In addition, the earth system provides a
means for people to express their creativity through art and other forms of
expression. As we continue to explore the earth’s systems, learning about its
ecosystems, we will learn more about the importance of the environment in human
development and will hopefully be able to address some of the more pressing
environmental issues we face today.


SCOPE OF ECONOMICS

August 19, 2021 admin

An economy is a physical space characterized by the total production,
circulation, distribution, employment, and consumption of various goods and
services by other agents. In simple terms, it is defined as ‘a social property
system in which the production, circulation, distribution, employment and
consumption of goods and services are controlled by the agents.’ The definition
of an economy also includes the political organization and relationships between
economic agents. Economists refer to a society’s economy as a living organism
that is governed by the laws of demand and supply, the existence and structure
of various institutions of production and the distribution of wealth.



Unlike the microeconomics which concentrates on a single industry or country,
the macroeconomics extends beyond the market economy into the total economy of a
nation. This type of economics describes the behavior of an economy at the level
of the nation’s population and the world economy. For instance, there are the
international trade and the international investment in goods, services and
technology. The evaluation of the nation’s internal market and its external
environment also falls under the scope of macroeconomics. Furthermore, many
different types of economic activity are included in the scope of economics
including the operation of the financial system, production and distribution of
resources, information and communication systems and structure of the economy.



Economists believe that there are five basic models of the functioning of the
economy: the market economy, the state economy, enterprise economy, intellectual
property oriented economy and knowledge economy. The market economy operates
through the mechanisms of demand and supply. State economies are organized
around the creation of monopoly or public enterprise. Enterprise economies are
characterized by specialization, organization and technology. Intellectual
property-oriented economies are characterized by specialization, organization
and technology, while the knowledge economy develops through technology and
information.


ENVIRONMENT

August 18, 2021 admin

The environment covers everything that exists in the universe excluding nothing
that can be known or measured. It is the sum total of all existing life forms on
earth excluding the mineral content of the earth and space dust. The environment
is made up of living organisms such as plants, animals and even inanimate
objects like rocks, buildings and spaceships. The environment is a
self-sustaining cycle of living creatures and non-living objects such as
inorganic particles of rock colliding together and being driven together again
by an internal force. The environment is a vast ocean of living space and time
and is the reason why there is no end to it.



A physical environment is one that is not influenced by external factors like
climate, soil and sky, which are the most important components of the external
environment. Physical environments are referred to as the surroundings in which
living things occur. They include oceans, landmasses, lakes, rivers, and other
bodies of water and the surrounding conditions such as air, land and skies.



A biological environment is one in which living things grow and reproduce in
order to provide a source of food, oxygen and energy. A physical environment is
the totality of all the physical surfaces in and around a place where living
things occur. It is the sum total of all the living things existing at a
particular place at a particular time in the Earth’s history. A cultural
environment is the combination of external and internal variables including
climate, soils, skies, biotic communities, artistic styles, dietary practices,
family structures and norms, language, literature and other modes of
communication and interacting with each other.


BEST WAY TO UNDERSTAND WHAT IS ECONOMY

August 17, 2021 admin


BEST WAY TO UNDERSTAND WHAT IS ECONOMY

What is an economy? An economy is a set of interaction processes, which produce
and maintain a condition where all economic goods and services are exchanged in
a market. It is also referred to as a community or socio-economic association.
In simple terms, an economy is a physical place of production, consumption and
exchange of goods and services, by various agents acting on behalf of their
clients.



In simple economic terms, all agents in an economy contribute to the production
of goods and facilitate the exchange of these goods, by using the scarce
resources at their disposal. In addition, they arrange the distribution of these
scarce resources to ensure that all participants in the economy to get what they
need at a fair price. In essence, an economy is a set of interacting individuals
and groups, who make decisions concerning the allocation of scarce resources,
producing and distributing various economic goods and services and arranging the
conditions for the exchange of those goods and services. In addition, an economy
is also defined as a political community or socio-economic association, in which
the production and distribution of certain goods and services are controlled by
the members of the community. The process of production involves the use of
productive assets and the allocation of resources to meet the needs of society.



Economists debate over the definition of a country’s economy. For them, a
country’s economy can be described as a complex system of interactions among
economic agents, which produce, distribute, consume, and coordinate the use of
scarce resources to ensure that all citizens get what they want at a just price.
This means that a country’s overall economic performance is a complex
combination of technological advances, institutional arrangements, and cultural
practices. Therefore, the best way to understand how the economy functions is to
view it as a living whole, which has evolved over time, in response to and in
harmony with the forces that have shaped it.


COMMERCIAL LAW AND HUMAN RESOURCES

August 12, 2021 admin

A business is defined by Wikipedia as a commercial entity or profession
characterized by an organized system of business relationships involving an
establishment with a limited scope and activities; an interaction of persons
having an interaction of authority, power and control. A business may be general
or private, public or private, or interrelated in terms of purpose or
interaction. A business can also be organized at local, regional, national or
international levels and be conducted for profit or non-profit reasons. It may
be personal or institutional, be owned by individuals or corporations, and be
based at a physical location or on a virtual platform.



A business can have many subsidiary or related activities performed for the
benefit of the business itself. The most common of these subsidiary activities
is selling the products and/or services of the business to third parties who are
willing to buy them. This is one of the main articles of the business that
drives profit. Other main articles of business are borrowing money from others
to start a business or acquire land or property for the purposes of business. A
third main article of business is intellectual property, which can include
trademarks, patents, licenses and copyrights as well as the creations and
innovations of others.



Each of the main articles of business can be subdivided into sub-topics and then
sub-sub-topics. These sub-topics often overlap and interact with each other in a
complex manner resulting in a wide array of business activities. Therefore, one
would need expert knowledge and experience in the field of commercial law, human
resources, strategic management and business development, intellectual property,
technology transfer and acquisitions, marketing, accounting, sales,
distribution, financing, etc. to effectively deal with the various complexities
involved in running a successful business. Expertise is required not only in the
area of law but also in that of running and managing businesses. Therefore, it
is imperative to find an expert manager that holds expertise in each of these
fields to effectively run businesses.


ENVIRONMENT – A VAST EXPANDING SUBJECT

August 11, 2021 admin

The environment is a vast and complex place. The environment is made up of
living organisms such as plants, animals, microorganisms, rocks, and the like
and it also includes the outer space, known as the void, dark radiation and
beyond. The environment consists of living things since these things are the
basic foundation of life and they make up the majority of the living world that
we inhabit today. The environment is also made up of non-living things such as
geology, anthropology, ethology, linguistics, physiology, microbiology,
psychology, archeology, sociology, anthropology, and physiology. Thus the
environment includes everything that we do not see with our own eyes and which
is not visible to the naked eye.



The natural world or the earth encompasses all living and non living things
occurring simultaneously, which means in this case everything existing in the
environment is not artificial. Therefore, the word is most commonly used to
describe the Earth or any particular portions of the Earth with a large amount
of life. Today, more emphasis is being placed on the importance of the
environment and more than ever people are recognizing the benefits of preserving
the environment for future generations. Preserving the environment involves
various practices aimed at reducing or limiting the amount of damage to
ecosystems caused by human activities such as carbon dioxide emissions and
global warming.



There are several interrelated factors involved in the environment, which
directly influences its stability. For instance, the rate of climate change can
be influenced by the amount of carbon dioxide in the atmosphere and this has
increased debate between environmentalists and traditional scientists. Rapid
climate change is an expected result of increasing levels of carbon dioxide in
the atmosphere. This is believed to be one of the causes of drought in some
regions and floods in others. Thus, preserving the environment requires a
concerted effort by humans, animals, ecosystems, and the natural world.


DESIGNING A BUSINESS PLAN THAT SUCCEEDS

August 9, 2021 admin

A business is generally defined as an entity or organization that engages in
commercial, technological, or organizational activities intended to meet the
economic needs of society. Businesses may be privately owned entities or
publicly held businesses that are listed on the stock market or in other
markets. Businesses may be publicly traded or privately owned. Some businesses
are traded on the stock market while others trade covertly on futures exchanges
or over alternative exchanges such as foreign exchange (forex) markets. A
company is considered public if it has listed shares on a stock exchange.



For-profit and non-profit businesses differ fundamentally in the way they
operate. The profit motive drives many businesses to grow and develop, whereas
for-profits are more directed toward generating revenue from the pursuit of
profit. Most businesses that have earned profits are classified as either public
or private, although some may also be classified as both. Private businesses
typically are limited in scope and cannot pursue as many patent or copyright
infringements as publicly held businesses.



Designing a good business plan requires defining both the products or services
that you will sell, the amount of money you plan to spend on marketing and
selling these goods and services, the amount of money you plan to invest in your
business and its intellectual property portfolio, and the strategic management
techniques that you will use in order to successfully implement your business
plan and achieve your profit goals. Intellectual property is one of the most
important aspects of your business because it protects your valuable assets such
as your product, technology, name, logo, slogans and designs. Other important
aspects of intellectual property include patents and trademarks. Trademarks are
very effective tools for branding and marketing purposes. Good strategic
management techniques include creating a marketing plan, hiring quality
employees, growing your business, expanding your business location, advertising
your business, managing your cash flow, handling financial transactions, and
controlling your business finances.


THE ENVIRONMENT

August 8, 2021 admin


THE ENVIRONMENT

The Environment is the current state of being in harmony with Mother Nature. It
also has to do with the living condition of humans in relation to the natural
environment. In other words, environmental issues are concerned with aspects
such as ecosystems, sustainability, preservation, and adaptation. This includes
both human activities and the environment in general. The combination of these
factors results in a sustainable environment where the changes brought by human
actions do not have negative effects on the environment in the long run.



There are different arenas that are considered in the study of environment. One
is the global environment, which refers to the totality of the natural
environments on earth including human systems and their interactions. Another is
the human environment, which is essentially the economic, social, technological,
and cultural aspects of humans and their interaction. These two domains of
environment are often interrelated as the study of both requires a comprehensive
assessment of the environment.



A successful approach to environmental management needs to consider all
perspectives. An effective planning process should first involve an assessment
of the current state of the environment and assess what can be done to change
this. Next, an action plan should be developed for the management of the changes
that need to be made. It should also entail a monitoring and evaluation
procedure to determine the status of the implementation and evaluate its
results. The final analysis will be used to prioritize future work that will
need to be done to improve the state of the environment.


WHAT ARE THE MAIN CHARACTERISTICS OF ECONOMIES?

August 8, 2021 admin

An economy is a place of collective exchange, production and distribution, not
only of products and services, by other agents. In economic language, it is
usually defined as ‘a local area of collective production, exchange,
distribution, consumption and investment, where production is done in terms of
price for output.’ It is also called a community or a nation because it is a
political subdivision of a state or political community. Since the beginning of
human civilization, economies have existed. They are still present today in our
world as they were in the distant past.



Economies are often called the foundation of a nation and their strength. In
modern times economies are made of enterprises and institutions that make
productive economic decisions in terms of investment, production, distribution,
sale and consumption of the products and services offered. For an economy to
flourish and generate growth, the processes of accumulation, allocation,
distribution, saving and spending need to be guided by an elaborate system of
rules, laws and procedures called economic policies. This permits economies to
pursue certain strategies for generating growth that are consistent with their
long-term objectives and avoid missteps that might lead to short-term imbalances
or even crises.



In contrast, market economies operate with less concern for long-term planning,
are characterized by chaotic fluctuations that are the product of external
factors (such as demand, supply, technology, attitudes toward risk, production
capacity, etc.) and are characterized by diffuse controls over the allocation of
resources. Market economies also allow for rapid innovation, often spontaneous
but sometimes directed by governmental initiatives. These types of economies are
characterized by competitive cuts in production, flexible exchange rates and
high levels of investment.


HOW TO START YOUR OWN BUSINESS – FIRMS & CORPORATE GOVERNANCE

August 6, 2021 admin

If you’re thinking about starting a new business, you need to start by defining
what kind of business you want to start. A business is pretty straightforward –
it’s simply defined as a human enterprise or group of human enterprises that
engage in specific activities for the purpose of earning a profit. A business
may be for-profit enterprises run solely to meet a social need or a purely
for-private, non- Profit enterprise. The most common types of businesses include
manufacturing, retailing, and related services such as financial services and
transportation. Some examples of businesses that meet these broad criteria are
fast food restaurants, retail stores, home businesses, and franchises that
distribute products manufactured by other companies.



To ensure maximum profits for your firm, it’s important to decide what kind of
profit model you wish to adopt. There are two general kinds of profit models:
positive cash flow and non-cash operating profit models. Positive cash flow and
non-cash operating profit models maximize profits by generating profits
immediately and paying their bills on time. Non-cash operating profit models
minimize expenses by relying on retained earnings to generate profits and paying
taxes on these profits only after a predetermined amount of time has passed.



In order to ensure maximum profitability for your firm, it’s important that you
establish and adhere to corporate governance policies. These policies specify
how and who are responsible for making sure the firm meets its obligations in a
timely and effective manner. It’s important that you set the appropriate
corporate governance policies that match the nature of your firm. For instance,
a lending firm may wish to consider corporate liability in the lending industry
as compared to a technology firm.


WHAT IS THE ENVIRONMENT?

August 5, 2021 admin

Environment refers to the entire physical, biological, and socio-cultural
factors that affect the human activities that take place within an area. The
entire environment is present in all places but are not necessarily the same.
The environment cannot be categorized into absolute terms as it could exist in
various forms. This indicates that there are numerous types of environments.



The natural environment encompasses all living things and non-living things
happening naturally, which means in this sense not man made. The word is most
commonly used in conjunction with the Earth or any specific portions of the
Earth. It usually refers to the non-human or biotic factors that affect a
particular place in the physical as well as biological domains. These could be
such factors as the climate, the physical and the chemical properties of the
soil, air, and water. In this way they provide living things with an environment
to live, support, breed, and develop.



Environment could also be categorized into two parts, the living environment and
the non-living environment. The living environment refers to the conditions
existing in the place where living organisms occur and thrive, and the
non-living environment refers to all the materials created by living organisms
that need to be removed for their own survival. This means all places in the
Earth can be classified as either living or nonliving. The classification is
usually based on the physical characteristics of the planet. The Earth therefore
has four main sections: the atmosphere, the land surface, the water surface, and
the biomes.


IMPORTANCE OF ECONOMICS IN TODAY’S WORLD

August 4, 2021 admin

An economy is a field of the exchange, production, distribution and consumption
of various goods and services by various producers, merchants, workers and other
agents. In economics, it is defined as a social community that stress the
practices, discourses, and economic attributes related to the production,
utilization and control of productive resources. It also includes a system of
coordinate systems of interaction in the market, governed by the laws of demand
and supply. The field of economy studies traces its origins to the writings of
the classical economists of the 19th century. It covers a range of topics such
as the theory and practice of economic decision, government intervention,
domestic policy and finance, taxation, technology and industrial organization.



Economics degree is one of the three degrees that we have here at Michigan –
Business Administration, Finance and Management, Information Systems, and
Technology Management. We specialize in economics because it is such a wide
subject, which means we can talk about many different things related to
economics and business. So if you really want to know anything about how the
economy works, then you should really try to get a degree in this particular
specialization. Studying economics will help you understand how other fields of
study like computer science and engineering are related, you will also get to
know anything about international finance, marketing, entrepreneurship and even
about health care.



Studying economics helps you understand why some things are profitable for some
people, while others are not. For example, if you understand that labor is a key
component in the design of products and the success of a business, you will see
how the business policies and practices related to labor are crucial to the
success of the firm. If you want to start your own business or you want to enter
into the market, then you will be able to understand the impact of the price
level on business revenues, inventories and employment. Studying economics helps
us become aware of the inter-linkages between economics, statistics, business,
technology and other aspects of the global economy.


BUSINESS OWNERSHIP

August 3, 2021 admin

A business is defined by the US Congress as a legally registered company or
unincorporated partnership, unincorporated joint stock company, or corporation
having one or more specified classes of equity or property and operating for the
benefit of all members of the class. A business may be a sole proprietorship,
partnership, or corporation. Many businesses are publicly held companies with
one or more shareholders. Private companies are generally less public than
publicly held business enterprises.



Businesses can be organized in many ways, most common being a sole
proprietorship, partnership, corporation, and limited liability partnership
(LLP). Sole proprietorships are owned and operated by the individual who is the
sole owner. Partnerships are owned and operated by parties or groups of people.
Each member of a corporation is a share holder in the ownership of the
corporation. In a sole proprietorship, all the partners are owners; in a
partnership, the partners are termed the partners in the partnership; and in an
LLC, the owners are termed the owners in the LLC.



Businesses are usually run by an individual. This person may be a sole
proprietor, a partnership, an owner in a corporation, or an employee. A business
must be registered with the government in order to operate legally. All
businesses must file a complete annual and quarterly return with the IRS.
Individuals working in businesses must comply with all local, state, and federal
laws regulating businesses and individuals working in businesses.


INTRODUCTION TO ENVIRONMENTAL CONCEPTS

August 2, 2021 admin


INTRODUCTION TO ENVIRONMENTAL CONCEPTS

“The environment” refers to any set of physical and biological features that
exist in the Earth’s crust, atmosphere, and space. The environment is made up of
everything living and non-living things that occur naturally, which means
outside of human existence. The phrase most often is used to describe the Earth
or parts of the Earth. The environment is made up of the earth, oceans,
atmosphere, ice, land, and solar system.



An environment can have a starting point, which is the place where everything
began and everything ended, an initial value that represent the value of
everything that has ever occurred and will ever occur, and a reference point
that is a general description of the environment. The environment can also be a
definition, which gives an overall summary of how everything about the
environment work together, how it is presently arranged, and what it could be
like if everything changed radically. In many cases, people talk about starting
values and end values in the context of the environment as a whole, which is
something like starting a business and giving a yearly budget and an overall
description.



All types of physical variables are included in the environment, and all of
these variables interact with one another. A few of these variables are called
external variables, while all other variables are called internal variables.
External variables include any external forces that change the environment, such
as earthquakes, volcanoes, and falling objects. Internal variables are things
within the environment that cause changes in the environment, including humans
who affect the environment through their activities.


AN EXPLANATION OF THE DIFFERENCE BETWEEN MARKET AND COORDINATE ECONOMIES

August 1, 2021 admin

An economy is a place of collective exchange, production, distribution, and the
sharing of services and products by many agents. By itself, it is understood ‘as
a socio-economic domain that focus on the practices, discourses, goods and
services related to the production, usage, and distribution of resources.’ This
definition of economy can also include a political arena where economic policies
affect the allocation of scarce resources. For instance, in a participatory
budgeting system where elected representatives regulate public funds, a
community determines how much money goes to what public services and what
projects are funded through the community’s funds. The definition of the economy
has changed over time and differs along with society.



A market economy, on the other hand, is governed by a central economic agency
that allocates resources to produce a domestic marketable product. While
economies often produce goods in a localized manner, goods may be traded
internationally using the state currency and credit system. A market economy can
also be characterized by extensive specialization in some industries and the
ability to create advanced technologies. In the United States, the technological
edge of some companies like Apple Computers has allowed them to compete against
other companies that have developed innovative computer applications. Although
there are large differences between a market economy and a coordinate economy,
both types of economies are characterized by a number of institutions and
practices that share the following characteristics: centralized planning,
flexible production processes, ample opportunities for resource allocation and
flexible exchange systems.



Within a market economy, individuals and households to determine how their
scarce physical assets will be used. Resources can be allocated using a variety
of methods-for example, land can be used to build homes, provide jobs for
residents, or develop goods, depending on the preferences of households.
Households then compete to get the best price for the particular goods they
need. Resource allocation is affected by households’ expectations about future
income and investment potential. A coordinate economy permits individuals and
households to make long-term decisions about how their resources will be used;
although it simplifies the process of determining what those resources will be
used for.


BUSINESS LAW – AN OVERVIEW

July 31, 2021 admin

A business is defined generally as an entity or individual engaged in
commercial, technological, or other active economic activity for profit. Small
businesses are also termed as cooperatives, sole proprietorship, partnership, or
corporations. Most businesses are profit oriented; however, some small
businesses are family-owned and operated as home businesses. Most businesses are
classified into industries depending on their scope of activity.



In United States commercial law, there are mainly four types of entity for
business: the corporation, partnership, sole proprietorship, and the
unincorporated firm. A corporation is a legal entity formed by shareholders for
the purpose of conducting business affairs for the benefit of its owners.
Partnerships are bodies of people who share in the ownership of a corporation.
Solicitors are the general partners of a partnership. And in the case of a sole
proprietor, the owner of such entity is considered as the sole proprietor and
the partnership is considered as the partnership.



Each of these entities is subjected to specific laws applicable to it.
Corporations have extensive rights and privileges such as the right to bind the
partners, right to create double-entry bookkeeping, access to shareholders, the
right to bind the creditors, etc. On the other hand, sole proprietor has limited
rights to manage, control, and invest his own money. He is not liable for the
debts of his partner, cannot bind the partners, cannot bind the creditors, etc.
Home businesses are also included in this list of entities.


WHAT IS THE ENVIRONMENT?

July 30, 2021 admin

Environment is a general term that refers to the whole environment together with
its properties such as land, air, water, land and snow and so on. The natural
environment encompasses all living things and nonliving things occurring
naturally, which means in this case no artificial, man made substances are
involved. The word is most commonly used to describe the Earth or parts of the
Earth. It is also used in philosophy and science and in marketing to promote
products and services associated with the natural environment. It also refers to
those processes or products that affect or are affected by the natural
environment.



Different people have different views about the natural and the man made
environments. Some people believe that humans should respect nature, but there
are many people that believe in man’s supremacy to control and manage the
environment for the benefit of future generations. In most areas, the
environments of rivers are carefully studied and protected so as to allow for
natural and living things to survive. Some areas however have made it illegal to
remove invasive species from the riverbeds. This is a controversial issue
because the natural environments of rivers are essential to human life.



A word environment is used to refer to a set of surroundings, including the
physical surroundings, resources, human systems and the biological environment.
Environment refers to the sum total of all the elements and properties that
exist in any given system and in any given habitat. The sum of all the
environment in a system is referred to the biosphere or ecosystem. The word
ecosystem refers to a system where different organisms exist together in a
symbiotic relationship. It also includes the distribution of energy and the
concentration of nutrients in a habitat.


MAKE MONEY FAST – AN INTRODUCTION TO BUSINESS MODELS

July 28, 2021 admin


MAKE MONEY FAST – AN INTRODUCTION TO BUSINESS MODELS

A business is defined according to various legislations as an entity or
organized body, individually or collectively engaged in commercial,
professional, or industrial activities. A business is further referred to as
individuals’ organized efforts to make and sell various goods and services to
gain profit. Business has come to represent the buying and selling of different
types of productive assets on behalf of the business entities. The term also
covers any institution which deals with conducting the business affairs.



There are different types of businesses such as retailing and manufacturing,
distribution, public sector/private sector, franchising, brokerages and
merchandisers, financial institutions, software, computer companies and others.
The term business also covers the different types of organizations engaged in
some specific activity. It further continues to refer to those activities
undertaken in order to earn profit. The other sections of the business include
research, development, operations, maintenance, and ownership. Within the
business model, there are four important business models including the venture
capital firm, the partnership firm, the proprietary firm, and the limited
liability partnership (LLP).



Most businesses prefer to be incorporated under one business model, which
simplifies their paperwork and allows them to operate more easily and at a
higher level of efficiency. Some small businesses are able to make money only
for the few months they operate in the legal framework provided by the
particular laws of the particular country. However, there are many businesses
that are very successful even in the absence of the corporate structure because
they have unique value proposition and are able to make money even under the
existing corporate structure. There are various reasons why some businesses fail
to make money despite their willingness to do everything and use every legal
formalities.


AN EXPLANATION OF THE NATURAL ENVIRONMENT AND ITS TYPES

July 28, 2021 admin

Environment refers to those factors that affect the living world as a whole and
the ecosystems within that world. There are five elements in particular that
form the basis for this. The first element is light, which includes the sun, the
light that reaches us and everything in between. The second element is water,
the liquid that we breathe and that affects the air around us and even the
plants and animals on our planet. The third element is the heat, the heat that
radiates from objects and warms us up and the fourth is gravity, the force that
keeps the planets in formation and the other major elements that influence the
Earth’s crust and atmosphere.



The natural environment or non-living world encompasses all living things and
non-living objects existing in nature, which means outside of human
intervention. The word is usually used to describe the Earth or any specific
portions of Earth. However, it can also cover the aspects of our life on Earth
such as the oceans, plants, trees, fish, birds, insects, etc. While we cannot
see everything, we can observe the effects of the environment on the earth
through scientific research. It encompasses the four components mentioned above
and can be seen in visible forms such as the weather, clouds, lightning, and the
sun.



In short, the natural environment comprises all living things and non-renewable
resources such as oil, coal, gas, timber, natural gas, water, and salt. In
comparison, the human-influenced environment includes all people, animals,
machines, and concepts. This is why we need to conserve our non-renewable
resources such as energy, water, and petroleum. In order to sustain the natural
environment, many strategies need to be employed. These include recycling,
reusing, and minimizing the use of non-renewable resources.


WHAT IS THE ECONOMY?

July 26, 2021 admin


WHAT IS THE ECONOMY?

An economy is a field of exchange, production, circulation and distribution, not
simply consumption and saving, of goods and services by other agents. In
economics, however, the term economy is typically used to refer to the level of
local production relative to the demand for goods and services, which in turn is
determined by the size of the local economy. In economics, however, there is the
unmentioned factor of market failure, in which demand for a specific good
exceeds the supply of that good.



Economies, unlike markets, are characterized by what economists call
“asymmetric” conditions, in which prices are both determined by external factors
and also varies between states. The deviation from symmetrical conditions,
called “monetary asymmetry,” can result in either a surplus or deficit in the
overall economy. For instance, an economy may be said to be in an economic
system that is in surplus when, all else being equal, the cost of production of
some goods relative to the demand for such goods is less than their value.



But if demand far exceeds the capacity of supply, then the economy would be said
to be in a deficit. This is the opposite of economy. In an economy, both surplus
and deficit are considered to exist simultaneously, with surplus generally
representing excess savings (the difference between investment and expenditure)
and deficit reflecting the difference between actual investment and potential
saving. The concept of economy is intimately connected to the concepts of
business cycles, economic sociology, technology, production, consumption and
financial systems. All these aspects of the economy affect each other in varying
ways, producing, transmitting and diffusing opportunities, risks and rewards.


TYPES OF BUSINESSES

July 25, 2021 admin

Business can be defined as the pursuit of action for the attainment of
objectives, with a view to achieving some result, such as increased income,
knowledge, money, and other things. A business may be local or national; large
or small; public or private; and personal or private. For the most part, a
business exists to make money. Therefore, when planning on starting a business,
you should also plan on making the money.



Many businesses are run by one person who carries out all the work in order to
deliver value to the company. This can be a sole proprietor, partnership, or
corporation. Sole proprietorships, especially, are not without their problems;
they require extensive planning in order to be successful and, if need be, exit
once the business becomes profitable. In a partnership, partners share in the
profits while owners retain control.



The majority of companies are started as a business and turn around and become a
corporation, or, in the case of sole proprietorship, the business turns over the
day that it ceases operation. Most sole proprietor businesses start out by
selling products and distributing goods to the public for profit. Over time,
they expand, buy more goods, increase production, and deliver more goods to the
public in order to achieve a higher level of success, and, as a result, they
grow their profits until they are able to retire.


THE CLASS 11 ENCLOSURE AND ITS IMPORTANCE

July 24, 2021 admin

The environment is one of the two major factors that determine how much of a
person’s life can be improved by the use of technological advancements. The
other factor is how much effort a person is willing to put into the improvement
of the environment. The natural environment or organic environment encompasses
all living and non living things occurring naturally, which means outside of the
human existence, the term is usually only used of the Earth or portions of the
Earth. This aspect of the environment has been proven to be significantly more
beneficial to humans than the technological advancements in place today.



The environment encompasses all living things on earth including plants,
animals, bacteria and even fungus. The environment also includes the biotic
factors that affect the way the living things on earth evolve. These biotic
factors include the soil, the air, the water and the temperature and
precipitation levels of the environment. The biotic factors have direct
connections to the types of living things and their ability to survive.



The environment is known as both a creation and maintenance for all the living
things on earth. It is a balance that exists within the ecosystem. The
environment that exists is known as the class 11. The class 11 is the largest
ecosystem in the human life experience and is directly affected by the human
impact on the environment. As the environment continues to deteriorate through
the way people are environmentally engaged, the class 11 will slowly be depleted
leading to the deterioration of all aspects of life on earth.


THE NATURE OF ECONOMY

July 23, 2021 admin


THE NATURE OF ECONOMY

An economy is a physical location, the production, processing and distribution
of goods, services and products by various economic agents. In simple terms, it
is said ‘a society that fully satisfies the needs and activities of the
producers and consumers based on the productive potential of its economy’. The
production of a product is based on the inputs (or human capital), which refers
to the input of human capital – workers, capital goods, raw materials, etc.
Capital goods include the means of production such as machinery, buildings, and
land.



Inputs are produced and processes vary according to the level of employment,
technology, geographical location and rates of technology change. Outputs are
produced, processed and traded. Economic growth is measured by the output level
of each industry within an economy. Input-output balance describes the state of
economies and their ability to expand or contract. The concept of input-output
balance is used to examine the relationship between economic growth and
unemployment rates of an economy.



To ascertain the overall performance of a country’s economy, several
macroeconomic indicators are used. A popular tool is the Purchasing Managers
Index (PMI). This index indicates the extent to which households spend on
investment goods like infrastructure and housing, which are necessary for
generating economic growth. The Purchasing Managers Index also indicates the
extent to which households are capable of investing in liquid financial assets
such as stocks and bonds, which are important components of long-term wealth
creation. Other important indicators of the economy are output gap, inflation,
current account deficit, international trade and budget deficits. These are some
of the most important economic concepts, which are widely used by all
governmental organizations and businesses in order to understand the state of
their respective economies.


HOW BUSINESS CAN PROFIT

July 22, 2021 admin


HOW BUSINESS CAN PROFIT

A business is basically defined as an entity or a person organized for the
purpose of carrying out commercial, professional, or financial activities. It
may be a sole proprietorship, partnership, company, organization, public body or
even an individual or group. In business, it refers to any type of enterprise
having a definite structure designed to meet the economic needs of society. The
structure may be a network, a syndicate, a corporation, limited liability
company (LLC), partnership, general partnership or a simple partnership.



There are many aspects of any business strategy, which can be divided into
either professional or social media marketing. Professional strategy is often
used to promote products and services of an organization in an ethical and
efficient manner. This includes advertising, creating brand awareness,
influencing or managing public opinion, selling and marketing products and
services, and developing sales channels. Social media strategies refer to the
use of social media such as blogs, social networking, online community forums,
and video sharing to promote businesses and their products and services.



Businesses must employ both professional and social media marketing in order to
effectively achieve profit in business. Professional marketing is often used to
promote new products and services and to spread the word about current products
and services. Social media marketing is often used to attract individuals
working in businesses to join or start a business with the opportunity to make
some money. Many people who join businesses and work hard at building up profits
do not realize how much profit they actually make until they have made some
money themselves. Both types of marketing are very effective, however, both must
be utilized in order for a business to profit.


WHAT DOES THE NATURAL ENVIRONMENT MEAN?

July 21, 2021 admin

The environment is the sum of all the things existing simultaneously and
uniquely in that the universe created it and then went about arranging its parts
so as to allow them to exist in their current state. In a very broad sense, the
environment could also be said to be the entire life on Earth, which means all
living things. The natural environment encompasses all living things and
non-life things occurring naturally, which means in this case non-artificial.
The word is most commonly applied to the Earth itself or some specific parts of
the Earth. It is also frequently used to describe the processes, materials,
processes, and/or substances that are occurring in nature. It can also be used
to describe the forces that move around the Earth.



In order for us to better understand what the natural environment means, it
would help to take a look at what the word “natural” itself means. It refers to
those living things existing in the absence of any kinds of external stimuli
that modify their physical properties such as temperature, density, composition,
and so on. It does not refer to those living things that exist in a completely
enclosed or self-enclosed world, such as a bubble, rock, or a ship. It does not
even refer to those organic compounds which are produced by living things in
their environment; these are called biotic materials. It is these living things,
which are the focus of the natural environment.



There are two types of factors that are recognized as being part of the biotic
environment: external factors and internal factors. External factors refer to
those that modify or interact with the environment. External factors could
include celestial bodies, radiation, wind, rain, snow, clouds, etc. An example
of an internal factor is the chemical energy which is released from living
cells.


ECONOMIC CONCEPTS USED IN MODERN ECONOMISTS’ MODELS OF THE ECONOMY

July 20, 2021 admin


ECONOMIC CONCEPTS USED IN MODERN ECONOMISTS’ MODELS OF THE ECONOMY

An economy is a field of interaction, production, distribution, and exchange, of
goods and services performed by various agents. In simple terms, it is defined
as a social network that focuses on the practices, discourses, and productive
material manifestations associated with the production, utilization, and control
of available resources. Economists have attempted to describe the process of
economic activity in the broad terms of equilibrium, income, and debt. These
three concepts, according to economists, are important elements to any model of
the market economy.



The scope of economics covers the entire course of human action and human
interactions, from the interpersonal to the economic structure of a society.
Economists try to determine how markets can be self-sufficient, how markets can
be affected by external factors, and how changes in the market affect the
allocation of scarce resources. They also attempt to study how the different
economic policies lead to economic growth or shrink the economy if it is caught
in a recession. All the different aspects of economies, such as technology,
productivity, education, money, politics, and markets, are also included in the
curriculum of modern economics. The main aim of modern economics is the creation
of a market economy that is based on efficient production, high rates of
productivity, and minimal cost of living.



Households play a major role in the economy, because the allocation of scarce
household resources is largely affected by the incomes of other households. The
consumption of durable goods such as food, water, fuel, forests, capital
equipment, and clothing is made possible by households; households also make use
of non-perishable goods and raw materials. The distribution of household
resources, on the other hand, is effected by the activities of producers,
including employment, investment, and circulation of income. Economic activity,
then, occurs through the following complex network of influences: the market,
politics, family structure, economy, and the informal sector.


BUSINESS AS USAGES

July 19, 2021 admin

What is a Business? A business is defined as any commercial, industrial, or
financial activity undertaken for the profit of an individual or group of
people. The word “business” refers to all the organized activities and efforts
of people to make and sell products and services to others for gain. In
addition, to these activities there are other things that classify a business
such as office structure, ownership structure, capital structure, sales
structure, etc.



The main article is “Business as Usages.” This refers to the methods applied by
entrepreneurs or business managers to enhance the profits of their businesses.
Strategic management is often used to examine many aspects of an organization to
ensure its maximum profits and to avoid problems which may cause it to lose its
competitiveness. There are a lot of concepts and areas which need to be examined
in strategic management of businesses. The main article includes a number of
such concepts, which are used widely by business managers and other leaders.



The main article includes a short extract from the World Wide Web site of the
World Trade Union. This web site lists some important topics, issues, reviews,
and statistical data related to the business of intellectual property rights,
outsourcing, and other aspects which are important in the development of a
country. These statistics have been prepared after survey work carried out among
trade union members and business owners, which has been done as a part of the
strategy developed by the World Trade Union on intellectual property rights
issues. This main article can be downloaded free of cost.


AN INTRODUCTION TO ENVIRONMENT SCIENCE

July 18, 2021 admin

Environmental science is the study and interpretation of natural systems. It is
a scientific discipline aiming to understand, conserve and enhance the quality
and quantity of the natural environment. In this field, one can look into
natural systems at the macroscopic, continental, and micro-level. The natural
environment encompasses everything living and non living things existing
naturally, which means that not everything is managed or manipulated by man. The
word is mostly used to describe the Earth or any specific areas of the Earth.



Natural environments are complex and diverse; they are often times referred to
as the” ecosystems of the earth” or the” ecological domains”. The different
environments include the physical environment, the ecological domain, the
temperature and humidity domains, the biotic community, the hydrologic cycle and
the abiotic. Within these domains there exists an intricate web of interacting
organisms, systems, structures and processes which together are governed by a
set of interacting principles. These principles need to be considered in order
to be able to describe, evaluate and improve the conservation and restoration of
the earth’s environment.



A part from the earths environment are the terrestrial environments, these can
be very large land masses like oceans, seas, lakes and rivers. The terrestrial
environments also cover the terrestrial surface including the atmosphere, land
surfaces, and subsurface, such as glaciers and ice sheets. Marine environments
encompass bodies of water such as oceans, seas, lakes and rivers, and
terrestrial sub-biomes that exist within aquatic habitats. They also include
marine fishes and aquatic plants.


WHAT IS AN ECONOMY?

July 17, 2021 admin


WHAT IS AN ECONOMY?

An economy is a specific place of production, distribution and exchange, both
consumption and production of goods and services by various producers. In simple
terms, it is understood ‘as a political community that focus on the practices,
discourses, practices and material exchanges related to the production, usage,
and distribution of resources.’ Economists have formulated many economic
concepts including money, time, money-based and non-monetary economic concepts.
Some of these concepts are used in other fields such as business, science and
engineering, whereas some are used in politics and social science.



The broadest approach to economics is that of market economy which broadly
define an economy based on price-guided production and market pricing. This form
of economy is the dominant economic philosophy in the modern world where markets
determine prices for products and facilitate competitive production. On the
other hand, complex economies are characterized by complex markets and extensive
production networks with intricate linkages between producers, distributors and
retailers. Complex economies are also characterized by specialization,
aggregation, division of labor, centralization of economic activity, and
fractionalization of output.



Economic growth is measured using economic indicators such as gross domestic
product (GDP), the government budget, unemployment rate, inflation and natural
resource allocation. Gross Domestic Product (GDP), which uses market
transactions to display the value of goods produced by domestic industries, is
the measure of economic growth. Government budget, accounts for government
finances, and the unemployment rate to reflect the state of the overall economy.
Indicators for inflation show changes in the purchasing power of money, while
natural resource allocation measures environmental quality of local production
and how effectively the environment is used. All these data are important in
determining the direction and prospects of economic growth and determine the
state of international trade and development.


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