Abstract
Here I will try to represent basic ideas about economics. The differences between organizations of different kinds will be explained. Different kinds of businesses are presented here. Our moral responsibilities and regulation of forming business here will be focused. Besides, the influences of government will be explained. I will give distinct ideas about the business and referring economics.
Highlights
A business is usually defined as a commercial enterprise
Economics describes the responsibility of a business toward all of its stakeholders and to its social environment. It explains how the firm can improve its performance by acting responsibly toward its stakeholders. It explains how a business is exposed to economic conditions and how it adapts its operations in response to these conditions
You must ensure that any waste you produce as a result of your business operations is stored safely and securely, treated appropriately and collected for disposal or recycling by an organization authorized to do so
Summary
A business is usually defined as a commercial enterprise. Some are run by only one person who carry out all of the required functions. Each business can be defined or described by its type of ownership, the goods produced or services offered, the types of jobs provided, or the functions. Business and people need each other – there are many stakeholders – we depend on businesses for products and services, and for employment. It refers to buy inputs – raw materials, labour, machinery and equipment, and land. It refers producing outputs – goods and services. It focuses on efficient use of resources.
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