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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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Panavision is an American motion picture equipment company specializing in cameras and lenses, based in Woodland Hills, California. Formed by Robert Gottschalk as a small partnership to create anamorphic projection lenses during the widescreen boom in the 1950s, Panavision expanded its product lines to meet the demands of modern filmmakers. The company introduced its first products in 1954. Originally a provider of CinemaScope accessories, the company's line of anamorphic widescreen lenses soon became the industry leader. In 1972, Panavision helped revolutionize filmmaking with the lightweight Panaflex 35 mm movie camera. The company has introduced other groundbreaking cameras such as the Millennium XL (1999) and the digital video Genesis (2004).

Panavision operates exclusively as a rental facility—the company owns its entire inventory, unlike most of its competitors.

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The multimedia studio at the headquarters of Infosys Technologies Limited in Bangalore, India.

Photo credit: Indianhilbilly

Infosys is a multinational information technology company, with nine development centers in India and over 30 offices worldwide. Infosys and its subsidiaries employ over 80,501 professionals. Its annual revenues for the fiscal year 2006-2007 exceeded US$3.1 billion with a market capitalization of over US$30 billion.

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The International Financial Services Centre in Dublin

The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy (3rd on the Index of Economic Freedom), and ranks first for high-value foreign direct investment (FDI) flows. In the global GDP per capita tables, Ireland ranks 2nd of 192 in the IMF table and 4th of 187 in the World Bank ranking.

Social expenditure stood at roughly 13.4% of GDP in 2024. Following a period of continuous growth at an annual level from 1984 to 2007, the post-2008 Irish financial crisis severely affected the economy, compounding domestic economic problems related to the collapse of the Irish property bubble. Ireland first experienced a short technical recession from Q2-Q3 2007, followed by a recession from Q1 2008 – Q4 2009. (Full article...)

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"I will build a car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one — and enjoy with his family the blessing of hours of pleasure in God's great open spaces."

—Henry Ford, My Life and Work Chapter IV, 1922

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

... that Garretson, South Dakota, was named after businessman Arthur Samuel Garretson?
... that food was left to rot outside after the supermarket Supie went out of business?
... that businessman Usman Ja'far was the first locally born governor of
... that environmental economist V. Kerry Smith has been described as a "Renaissance Man of Economics"?
... that YouTube co-founder Jawed Karim has updated the description of his video "Me at the zoo" on multiple occasions to criticize the website's business decisions?
... that the Darwin Rocksitters Club had "no funny business" as their first, third, and fifth rules?

On this day in business history

December 18:

1934 - Marc Rich, founder of Glencore Xstrata, was born on this day.

More on this day

General images

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

Image 1Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship)
Image 2McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation)
Image 3Chart 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 4Dell Women's Entrepreneur Network event in New York City (from Entrepreneurship)
Image 5Plaque in London commemorating Jewish entrepreneur Sir Jack Cohen who in 1919 founded Tesco, the largest supermarket chain in the UK. (from Entrepreneurship)
Image 61/8 share of the Stora Kopparberg mine, dated June 16, 1288 (from Corporation)
Image 7Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business)
Image 8In 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 9Time required to start a business in 2017 (from Business)
Image 10Lindley 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 11"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 12Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton (from Entrepreneurship)
Image 13Offices in the Los Angeles Downtown Financial District (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?

More did you know facts