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Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."

A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

A distinction is made in law and public offices between the term business and a company such as a corporation or cooperative. Colloquially, the terms are used interchangeably. (Full article...)

Economics (/ˌɛkəˈnɒmɪks, ˌiːkə-/) is a social science that studies the production, distribution, and consumption of goods and services.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses the economy as a system where production, distribution, consumption, savings, and investment expenditure interact, and factors affecting it: factors of production, such as labour, capital, land, and enterprise, inflation, economic growth, and public policies that have impact on these elements. (Full article...)

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Société Générale S.A. (French: [sɔsjete ʒeneʁal]), colloquially known in English speaking countries as SocGen (French: [sɔk ʒɛn]), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense.

Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered to be a systemically important bank by the Financial Stability Board. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.

From 1966 to 2003 it was known as one of the Trois Vieilles ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. (Full article...)

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The multimedia studio at the headquarters of Infosys Technologies Limited in Bangalore, India.

Photo credit: Indianhilbilly

Infosys is a multinational information technology company, with nine development centers in India and over 30 offices worldwide. Infosys and its subsidiaries employ over 80,501 professionals. Its annual revenues for the fiscal year 2006-2007 exceeded US$3.1 billion with a market capitalization of over US$30 billion.

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The economy of East Asia comprises 1.6 billion people (20% of the world population) living in six different countries and regions. The region includes several of the world's largest and most prosperous economies: Taiwan, Japan, South Korea, China, Hong Kong, and Macau. It is home to some of the most economically dynamic places in the world, being the site of some of the world's most extended modern economic booms, including the Taiwan miracle (1950–present) in Taiwan, Miracle on the Han River (1974–present) in South Korea, Japanese economic miracle (1950–1990) and the Chinese economic miracle (1983–2010) in China.

East Asia's economic prominence has grown significantly in recent years, increasing its importance and influence in Asia and the world economy. Recent developments have led to an expanding cosmopolitan middle class. East Asian countries are vital contributors to central global communications and trade networks, developing relations with other nations, including those of the Western world, making them a significant contributor to the global economy. The region's economic success was referred to as "An East Asian Renaissance" by the World Bank in 2007. (Full article...)

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The author is far from taking the view held by many manufacturers that labor unions are an almost unmitigated detriment to those who join them, as well as to employers and the general public.

The labor unions — particularly the trades unions of England — have rendered a great service, not only to their members, but to the world, in shortening the hours of labor and in modifying the hardships and improving the conditions of wage workers.

In the writer's judgment the system of treating with labor unions would seem to occupy a middle position among the various methods of adjusting the relations between employers and men.

When employers herd their men together in classes, pay all of each class the same wages, and offer none of them any inducements to work harder or do better than the average, the only remedy for the men lies in combination; and frequently the only possible answer to encroachments on the part of their employers is a strike.

This state of affairs is far from satisfactory to' either employers or men, and the writer believes the system of regulating the wages and conditions of employment of whole classes of men by conference and agreement between the leaders of unions and manufacturers to be vastly inferior, both in its moral effect on the men and on the material interests of both parties, to the plan of stimulating each workman's ambition by paying him according to his individual worth, and without limiting him to the rate of work or pay of the average of his class.

—Frederick Winslow Taylor, Shop Management, 1911

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Did you know (auto-generated) - load new batch

... that women- and minority-owned businesses built the Frequent Express high-capacity bus line in Portland, Oregon?
... that according to witnesses, the plutonium charge in the bomb used in the nuclear weapons test Gerboise Verte was transported in an economy car?
... that small-business leaders such as Guillermo Torrez sympathized with the Movement for Socialism despite its anti-capitalist rhetoric?
... that developmental economist Michael Lipton showed that poor farmers were more resource efficient than rich farmers?
... that the economy of Tolkien's Middle-earth has been described as a mix of feudalism and capitalism, with one scholar even suggesting it had communist elements?
... that the Kansas Business Hall of Fame includes the founders of Pizza Hut and Russell Stover Candies?

On this day in business history

June 13:

2010 - Jimmy Dean, an American singer, actor, and businessman, founder of Jimmy Dean Foods, died on this day.

More on this day

General images

The following are images from various business-related articles on Wikipedia.

Image 1Lindley LJ was the leading expert on partnerships and company law in the Salomon v. Salomon & Co. case. The landmark case confirmed the distinct corporate identity of the company. (from Corporation)
Image 2Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship)
Image 3Chart of the South Sea Company's stock prices. The rapid inflation of the stock value in the 1710s led to the Bubble Act 1720, which restricted the establishment of companies without a royal charter. (from Corporation)
Image 4In 2012, Ambassador-at-Large for Global Women's Issues Melanne Verveer greets participants in an African Women's Entrepreneurship Program at the State Department in Washington, D.C. (from Entrepreneurship)
Image 5Time required to start a business in 2017 (from Business)
Image 6"Jack and the Giant Joint-Stock", a cartoon in Town Talk (1858) satirizing the 'monster' joint-stock economy that came into being after the Joint Stock Companies Act 1844 (from Corporation)
Image 71/8 share of the Stora Kopparberg mine, dated June 16, 1288 (from Corporation)
Image 8Offices in the Los Angeles Downtown Financial District (from Business)
Image 9Plaque in London commemorating Jewish entrepreneur Sir Jack Cohen who in 1919 founded Tesco, the largest supermarket chain in the UK. (from Entrepreneurship)
Image 10McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation)
Image 11Dell Women's Entrepreneur Network event in New York City (from Entrepreneurship)
Image 12Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton (from Entrepreneurship)
Image 13Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business)

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...that Kiran Mazumdar-Shaw, chairman of Biocon, is India's richest woman?

...advertising management is a function of marketing starting from market research, continuing through advertising, leading to actual sales or achievement of objectives?

... that a value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls?

...that EID Parry is one of the oldest business entities in the Indian subcontinent and owes its origin to Thomas Parry, a Welshman who came to India in late 1780s?

... that an agrarian society is one that is based on agriculture as its prime means for support and sustenance?

... that the expression Hindu rate of growth is used to refer to the low annual growth rate of the economy of India, which stagnated around 3.5% from 1950 to 1980?

...that Massachusetts Institute of Technology professor Daron Acemoğlu received the 2005 John Bates Clark Medal for his work on Skill Acquisition and Technological Change, Investment and Growth, Directed Search and Unemployment, The Role of Institutions in Economic Development and Political Economy?

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