Prague, Czech Republic

Enterprise Management and Economics

Table of contents

Enterprise Management and Economics at ČVUT

Language: English Studies in English
Subject area: economy and administration
University website: www.cvut.cz
Years of study: 4

Definitions and quotes

Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Management
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.
Economics
How is property given? By restraining liberty; that is, by taking it away so far as necessary for the purpose. How is your house made yours? By debarring every one else from the liberty of entering it without your leave.
Jeremy Bentham, "A Critical Examination of the Declaration of Rights; Article II" in The Works of Jeremy Bentham, Vol. II (1839), p. 503.
Economics
Capitalism is the exploitation of man by man; Communism is the exact opposite.
Coluche, "Les syndicats et le délégué," Coluche : l'intégrale, vol. 3, "1989 chez Carrère".
Management
In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
Adam Smith (1776) The Wealth of Nations Chapter VIII, p. 80
Under the auspices of an EU-funded project, researchers are working on ways to dispose of nuclear waste underground and seal it off with specialised plugs. If the project succeeds, the first permanent geological repositories could be operating in Europe by 2025.
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