Madrid, Spain

Economics and Business

Economía y Empresa

Language: Spanish Studies in Spanish
Subject area: economy and administration
Kind of studies: full-time studies
University website: www.uam.es/
Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Business
In business affairs, it is the manner in which even small matters are transacted that often decides man for or against you.
Samuel Smiles. 'Men of business', Chapter 9, Self-Help (1859).
Business
Somewhere in the past. organizations were quite simple, and 'doing business' consisted of buying raw material from suppliers, converting into products, and selling it to customers... For the most part owner-entrepreneurs founded such simple business and worked along with members of their families. The family-dominated business still accounts for a large portion of the business start today.
R. Edward Freeman (2007) Strategic Management: A Stakeholder Approach p. 5
Economics
Economics is not simply a topic on which to express opinions or vent emotions. It is a systematic study of what happens when you do specific things in specific ways. In economic analysis, the methods used by a Marxist economist like Oskar Lange did not differ in any fundamental way from the methods used by a conservative economist like Milton Friedman.
Thomas Sowell, Ch. 1 What is Economics? in Basic Economics
For radionuclides at trace concentrations, there can be a very gradual and slow transition from reversible surface sorption to irreversible incorporation into solids. A new EU-funded study has shed important light on such mechanisms.
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