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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's viewed as basic elements in the economy, 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 the economy as a system 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. (Full article...)

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Thatgamecompany, stylized as thatgamecompany, is an American independent video game development studio co-founded by University of Southern California students Kellee Santiago and Jenova Chen in 2006. The studio was formerly a developer for Sony Computer Entertainment, contracted to create three downloadable games for the PlayStation 3's PlayStation Network service, and has since secured independent funding. The first of their games is a remake of Chen's award-winning Flash title Flow, with enhanced visuals and sound, added multiplayer modes and compatibility with the PlayStation 3's motion sensitive controller. The title was released on the PlayStation Store in 2007. The company's second PlayStation 3 game, Flower, was released on the PlayStation Store in 2009, and their third game, Journey, was released in March 2012 on the PlayStation Store.

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A bazaar is a market: a permanent enclosed merchandising area, marketplace, or street of shops where goods and services are exchanged or sold. The term originates from the Middle Persian word vāzār. Souq is another word used in the Middle East for an open-air marketplace or commercial quarter. The term bazaar is sometimes also used to refer to the "network of merchants, bankers, and craftsmen" who work in that area. Although the current meaning of the word is believed to have originated in native Zoroastrian Persia, its use has spread and now has been accepted into the vernacular in countries around the world. The rise of large bazaars and stock trading centers in the Muslim World allowed the creation of new capitals and eventually new empires. New and wealthy cities such as Isfahan, Golconda, Samarkand, Cairo, Baghdad, and Timbuktu were founded along trade routes and bazaars. Street markets and arcades are European and North American equivalents.

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London is the heart of the United Kingdom's economy and the second-largest financial centre in the world behind New York City.

The economy of the United Kingdom is a highly developed social market economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), Tenth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per capita, constituting 3.1% of nominal world GDP. The United Kingdom constitutes 2.3% of world GDP by purchasing power parity (PPP).

The United Kingdom has one of the most globalised economies and comprises England, Scotland, Wales and Northern Ireland. In 2022, the United Kingdom was the fourth-largest exporter in the world and the fourth-largest importer. It also had the fourth-largest outward foreign direct investment, and the thirteenth-largest inward foreign direct investment. In 2022, the United Kingdom's trade with the European Union accounted for 42% of the country's exports and 48% of its imports. Among OECD members, the United Kingdom has a highly efficient and strong social security system, which comprises roughly 24.5% of GDP. (Full article...)

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"The greatest man of all on my horizon at this time was John Edgar Thomson, president of the Pennsylvania, and for whom our steel-rail mills were afterwards named. He was the most reserved and silent of men, next to General Grant, that I ever knew, although General Grant was more voluble when at home with friends. He walked about as if he saw nobody when he made his periodical visits to Pittsburgh. This reserve I learned afterwards was purely the result of shyness. I was surprised when in Mr.Scott's office he came to the telegraph instrument and greeted me as "Scott's Andy". But I learned afterwards that he had heard of my train-running exploit. The battle of life is already half won by the young man who is brought personally in contact with high officials; and the great aim of every boy should be to do something beyond the sphere of his duties-something which attracts the attention of those over him."

—Andrew Carnegie, Autobiography of Andrew Carnegie, 1920

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

... that while his brother carried on the family photography business, Thomas Holroyd went into painting and later created The Dyeworks?
... that the deity in Nakodaji is considered as a business partner by businessmen?
... that the creator of Comic Sans also designed a levitating man in a business suit?
... that the economy of Tolkien's Middle-earth has been described as a mix of feudalism and capitalism, with one scholar even suggesting it had communist elements?
... that Stan Lee modeled Tony Stark after 20th-century business magnate Howard Hughes?
... that while oil and gas production is a large part of Turkmenistan's economy, there are only two oil refineries in Turkmenistan?

On this day in business history

April 29:

1938 - Bernard Madoff, an American businessman and financier, was born 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 2Chart 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 3McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation)
Image 4Lindley 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 5"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 6Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business)
Image 7In 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 8Offices in the Los Angeles Downtown Financial District (from Business)
Image 91/8 share of the Stora Kopparberg mine, dated June 16, 1288 (from Corporation)
Image 10Time required to start a business in 2017 (from Business)
Image 11Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship)
Image 12Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton (from Entrepreneurship)

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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?