Brno, Czech Republic

Company Management and Economics

Řízení a ekonomika podniku

Table of contents

Company Management and Economics at VUT

Language: Czech Studies in Czech
Subject area: economy and administration
University website: www.vutbr.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.
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
Economics
Magnum vectigal est parsimonia.
Economy is a great revenue.
Economics
Economics is, in essence, the study of poverty.
Ronald Max Hartwell, The Long Debate on Poverty (1972), p. 3
Protection and sustainable use of water supply is one of the most important environmental issues facing humanity. Groundwater is the primary source of drinking water for much of the world, as well as being vital for agriculture and industry, but it is under threat from pollution.
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