The concept or state of exchanging information between entities. An instance of information transfer; a conversation or discourse.
Someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing. The consumer is the one who pays to consume the goods and services produced. As such, consumers play a vital role in the economic system of a nation. In the absence of their effective demand, the producers would lack a key motivation to produce, which is to sell to consumers.
Collective focus of the study of money, currency and trade, and the efficient use of resources. The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
A company, business, organization, or other purposeful endeavor.
A person who organizes and operates a business venture and assumes much of the associated risk. A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur.
This term export is derived from the conceptual meaning to ship the goods and services out of the port of a country. To sell (goods) to a foreign country. Any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade.
To provide or obtain funding for a transaction or undertaking; to back; to support.the science of management of money and other assets.
Any economic market in which trade is unregulated; an economic system free from government intervention.
An object produced for market.
Something brought in from an exterior source, especially for sale or trade. To bring (something) in from a foreign country, especially for sale or trade.
The act of incorporating, forming a corporation or the state of being incorporated.
The sector of the economy consisting of large-scale enterprises.
A means of indemnity against a future occurrence of an uncertain event.
Any product of someone's intellect that has commercial value: copyrights, patents, trademarks, and trade secrets. Intellectual property (IP) is a juridical concept that refers to creations of the mind for which exclusive rights are recognized.
The placement or expenditure of capital in expectation of deriving income or profit from its use.
A continuous association of wage-earners for the purpose of maintaining or improving the conditions of their employment; a trade union. An association of workers for the purpose of consolidating bargaining power in disputes with employers.
The management function of determining what must be done in a situation and getting others to do it to conduct or direct with authority.
A group of potential customers for one's product. One of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.
The lowest rate at which an employer can legally pay an employee; usually expressed as pay per hour.
A system in which both the state and private sector direct the way goods and services are bought and sold.
An economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety of government-sponsored aspects.
The price is the amount a customer pays for the product. The quantity of payment or compensation given by one party to another in return for goods or services. The cost required to gain possession of something.
All organizations in an economy or jurisdiction that are not controlled by government, including privately owned businesses and not-for-profit organizations.
Any tangible or intangible good or service that is a result of a process and that is intended for delivery to a customer or end user. Anything, either tangible or intangible, offered by the firm as a solution to the needs and wants of the consumer; something that is profitable or potentially profitable; goods or a service that meets the requirements of the various governing offices or society.
Collective form of profit.
A law or administrative rule, issued by an organization, used to guide or prescribe the conduct of members of that organization; can specifically refer to acts in which a government or state body limits the behavior of businesses. A regulation is a legal provision that creates, limits, or constrains a right; creates or limits a duty; or allocates a responsibility.
Proof of ownership of stocks, bonds, or other investment instruments. The condition of not being threatened, especially physically, psychologically, emotionally, or financially.
That which is produced, then traded, bought or sold, then finally consumed and consists of an action or work.
Something used as a measure for comparative evaluations. A level of quality or attainment.
A whole composed of relationships among the members.
The part of the universe being studied, arbitrarily defined to any size desired.
A system of government-imposed duties levied on imported or exported goods; a list of such duties, or the duties themselves.
An amount of money paid to a worker for a specified quantity of work, usually expressed on an hourly basis.