Portal:Business and economics
Sociology portals: Arts · Anthropology · Community · Culture · Economics · Education · Geography · Gender studies · Globalization · History · Human rights · Internet · Law · Philosophy · Social movements · Social sciences · Social welfare and social work · Society
|
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found.  In the social sciences, economics is the study of human choice behavior and the methodology used to make associated investment and production decisions; in particular, though not limited to, how those choices and decisions determine the allocation of scarce resources and their effect on production, distribution, and consumption. The word "economics" is from the Greek words οἶκος [oikos], meaning "family, household, estate", and νόμος [nomos], or "custom, law", and hence literally means "household management" or "management of the state". An economist is a person using economic concepts and data in the course of employment, or someone who has earned a university degree in the subject. Economics undergraduate courses always cover at least the two main branches:
However, there are also other sub-fields of economics. In economics, economic systems is the study and analysis of organizing production, distribution, consumption and investment and the study of optimal resource allocation and institutional design. Traditionally the study of economic systems was based on a dichotomy between market economies and planned economies, but contemporary studies compare and contrast a number of different variables, such as ownership structure (Public, Private or Collective), economic coordination (planning, markets or mixed), management structure (Hierarchy versus adhocracy), the incentive system, and the level of centralization in decision-making. An economy can be analyzed in terms of its economic sectors, the classic breakdown being into primary, secondary and tertiary. A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange of other goods, services, or money. Businesses may also be not-for-profit or state-owned. Management in business and organizations is the function that coordinates the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization or initiative to accomplish a goal. Management is also an academic discipline, and is traditionally taught at business schools. Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market regulations, national ownership, trade policy, monetary policy, fiscal policy, regulatory policy, anti-trust policy and industrial policy. In economics, sustainable development refers to development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found. The Octopus card is a reusable contactless stored value smart card for making electronic payments in online or offline systems in Hong Kong. Launched in September 1997 to collect fares for the territory's mass transit system, the Octopus card system is the second contactless smart card system in the world, after the Korean Upass, and has since grown into a widely used payment system for all public transport in Hong Kong, leading to the development of Oyster Card in London. Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found.
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found.  The economy of Ohio nominally would be the 25th largest global economy behind Sweden and ahead of Nigeria according to the 2013 World Bank projections, and the 24th largest global economy behind Sweden and ahead of Norway according to the 2013 International Monetary Fund projections. The state had a projected GDP of $526.1 billion in 2013, up from 517.1 in 2012, and up from 501.3 in 2011, according to the Bureau of Economic Analysis. In 2013, Ohio was ranked in the top ten states for best business climate by Site Selection magazine, based on a business-activity database. The state was edged out only by Texas and Nebraska for the 2013 Governor's Cup award from the magazine, based on business growth and economic development. A new report by the Quantitative Economics and Statistics Practices (QUEST) of Ernst & Young in conjunction with the Council On State Taxation (COST), ranks Ohio as third in the nation for friendliest tax environment. Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found. "In the United States, there is a union for each job function with many unions in each company. Lathe operators are allowed to operate only lathes. A drilling job must be taken to a drilling operator. And because the operators are single-skilled, a welding job required at the lathe section cannot be done there but must be taken to a welding operator. As a consequence, there are a large number of people and machines. For American industries to achieve cost reduction under such conditions, mass production is the only answer. When large quantities are produced, the labor cost per car and depreciation burden are reduced. This requires high-performance, high-speed machines that are both large and expensive. This type of production is a planned mass production system in which each process makes many parts and forwards them to the next process. This method naturally generates an abundance of waste. From the time it acquired this American system until 1973 oil crisis, Japan had the illusion that this system fit their needs."
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found. Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found.
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found. Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found. Wikinews Economy and business portal
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11:31, 01 June, 2016 (UTC) | |||
| 4,948.06 |  |
% |
|
| 2,096.96 |  2.10 |
0.10% |
|
| 14,065.78 | |
% |
|
| 45,459.45 | |
% |
|
| 6,170.96 | 59.83 |
0.96% |
|
| 10,171.27 | 91.47 |
0.89% |
|
| 4,464.47 | 41.15 |
0.91% |
|
| 8,177.97 | 38.45 |
0.47% |
|
| 444.72 | 3.15 |
0.70% |
|
| 3,492.55 | 21.51 |
0.61% |
|
| 8,910.50 | 123.50 |
1.37% |
|
| 5,395.17 | 52.63 |
0.97% |
|
| 16,955.73 | 279.25 |
1.62% |
|
| 20,760.98 | 54.11 |
0.26% |
|
| 2,914.21 | 2.41 |
0.08% |
|
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found. April 25:
- 1874 - Guglielmo Marconi, an Italian businessman and inventor, developer of Marconi's law and The Wireless Telegraph & Signal Company, was born on this day.
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found.
- ...that William McChesney Martin, Jr. was the longest-serving Chairman of the Federal Reserve serving from April 2, 1951 to January 31, 1970?
- ...that eleven of the twenty-nine winners of the John Bates Clark Medal, a biannual award given out by the American Economic Association, have gone on to later win the Nobel Prize in Economics?
- ...that Ingvar Kamprad, founder of the home furnishing retail chain store IKEA, drew some controversy in 1994 when it was revealed that Kamprad had joined Swedish fascist activist Per Engdahl's pro-Nazi group in 1942?
- ...that dismal science is a derogatory alternative name for economics coined by the Victorian historian Thomas Carlyle in the 19th century to draw a contrast with the then-familiar use of the phrase "gay science"?
- ...that, according to historical legend, Laissez-faire stems from a meeting in about 1681 between the powerful French finance minister Jean-Baptiste Colbert and a group of French businessmen led by a certain M. Le Gendre?
- ...that Ransom E. Olds used the assembly line system to produce automobiles in 1901 before Henry Ford?
- ...that Antoine Augustin Cournot derived the first formula for the rule of supply and demand as a function of price and in fact was the first to draw supply and demand curves on a graph in his Researches on the Mathematical Principles of the Theory of Wealth?
- ...that the Toyota Production System (TPS) developed by Toyota, that comprises its management philosophy and practices, organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers?
Lua error in package.lua at line 80: module 'Module:Box-header/colours' not found.
|
|
|
