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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 within economies, 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 economies as systems 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. It also seeks to analyse and describe the global economy. (Full article...)

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Seacology is a nonprofit 501(c)(3) charitable organization headquartered in Berkeley, California that focuses on preserving island ecosystems and cultures around the world. Founded in 1991, it began with the work of ethnobotanist Paul Alan Cox, who researched tropical plants and their medicinal value in the village of Falealupo in Samoa during the mid-1980s. When the villagers were pressured into selling logging rights to their rainforest in 1988 to build a new school, Cox and his wife offered to help secure funds for the new school in return for an agreement with the villagers to protect their forest. With the help of his friends and family, Cox secured the funds within six months, later earning him and the village chief, Fuiono Senio, the Goldman Environmental Prize for their efforts. Word spread throughout the islands, and with increasing demand for similar projects, Cox, along with Bill Marré and Ken Murdock, decided to form Seacology and expand their work internationally.

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A trade fair (trade show, trade exhibition or expo) is an exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products, service, study activities of rivals and examine recent market trends and opportunities. In contrast to consumer fairs, only some trade fairs are open to the public, while others can only be attended by company representatives (members of the trade, e.g. professionals) and members of the press, therefore trade shows are classified as either "Public" or "Trade Only". A few fairs are hybrids of the two; one example is the Frankfurt Book Fair, which is trade-only for its first three days and open to the general public on its final two days. They are held on a continuing basis in virtually all markets and normally attract companies from around the globe. For example, in the U.S. there are currently over 10,000 trade shows held every year, and several online directories have been established to help organizers, attendees, and marketers identify appropriate events.

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São Paulo is one of the largest cities in the world economically, and is expected to be the 6th largest in 2025. According to data of Fecomercio/SP, its gross domestic product (GDP) in 2017 was R$699.28 billion ($219.11B today).

The biggest financial center in Brazil and one of the biggest financial centers in the world, São Paulo's economy is going through a deep transformation. Once a city with a strong industrial character, São Paulo's economy has become increasingly based on the tertiary sector, focusing on services and businesses for the country. The city is also unique among Brazilian cities for its large number of foreign corporations. Many analysts point to São Paulo as an important global city, even though this assignment can be criticized considering its serious problems of social exclusion and spatial segregation. Although being the most important financial centre of the country, São Paulo also presents a high degree of informality in its economy. (Full article...)

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It can readily be seen that such a plan of management as this will bring out co-operation as would no other plan; and it should be stated here emphatically that there is nothing that can permanently bring about results from scientific management, and the economies that it is possible to effect by it, unless the organization is supported by the hearty co-operation of the men. Without this there is no scientific management.

Moreover, since the conditions which bring about the cooperation are measured and standardized, the result is stable. Co-operation without standardization is a most unstable thing, likely to disappear at any moment with a change of the individuals supposed to co-operate.

—Frank Bunker Gilbreth, Sr., Units, Methods, and Devices of Measurement Under Scientific Management, 1913

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

... that New Zealand politician Hamish Campbell is a cancer researcher and runs a flower-delivery business?
... that Home Depot CEO Ted Decker ran his own landscaping business in high school?
... that Peachtree Arcade, a shopping arcade in the U.S. state of Georgia, was conceived after a local businessman visited the Cleveland Arcade?
... that Daniel Davis was the first person in the United States to work with gold and silver electroplating as a business?
... that Bahraini businesswoman Yara Salman founded a beauty salon, a medical center, an entertainment complex, and a restaurant in the past decade?
... that Earle M. Chiles, a businessman and philanthropist from Portland, Oregon, was also a senator of the board of Ludwig Maximilian University in Munich, Germany?

On this day in business history

July 19:

1814 - Samuel Colt, American businessman, founder of the Colt's Manufacturing Company, was born on this day.

More on this day

General images

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

Image 1Dell Women's Entrepreneur Network event in New York City (from Entrepreneurship)
Image 2Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship)
Image 3Offices in the Los Angeles Downtown Financial District (from Business)
Image 4Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton (from Entrepreneurship)
Image 5Chart 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 6Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business)
Image 7McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation)
Image 81/8 share of the Stora Kopparberg mine, dated June 16, 1288 (from Corporation)
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 10"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 11Lindley 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 12In 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 13Time required to start a business in 2017 (from Business)

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More did you know

... that Well No. 4 in the Pico Canyon Oilfield was the first commercially successful oil well in the Western United States and the longest producing oil well in the world at 114 years?

...that, unlike the accounting systems that help in the preparation of financial reports periodically, cost accounting systems and reports are not subject to rules and standards like the Generally Accepted Accounting Principles?

... that during the Great Depression, violence in Seattle's Smith Cove between longshoremen, strikebreakers and police ultimately resulted in the loss of much of the city's maritime traffic to the Port of Los Angeles?

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