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
An EU project aims to support policy and decision makers in taking well-informed decisions, by facilitating understanding of the consequences of different policies and climate regimes, thereby reducing uncertainties and enhancing their insights. Work to date involved identification of knowledge needs and their consequent addressing by collecting and synthesising knowledge.
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