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The Business and Economics Portal  Business is the practice of making one's living or making money by producing orbuying and sellingproducts (such asgoods andservices). 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 except for limited liability company. Thetaxation 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 acompany (such as acorporation orcooperative). Colloquially, the terms are used interchangeably. (Full article...) Economics (/ˌɛkəˈnɒmɪks,ˌiːkə-/) is asocial science that studies theproduction,distribution, andconsumption ofgoods and services. Economics focuses on the behaviour and interactions ofeconomic agents and howeconomies work.Microeconomics analyses what is viewed as basic elements withineconomies, including individual agents andmarkets, 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, andinvestment expenditure interact; and thefactors of production affecting them, such as:labour,capital,land, andenterprise,inflation,economic growth, andpublic policies that impactthese elements. It also seeks toanalyse and describe theglobal economy. (Full article...) Selected article Microsoft Corporation, or often justMS, is anAmericanmultinationalcomputer technologycorporation with 79,000 employees in 102 countries and global annualrevenue ofUS $51.12billion as of 2007. It develops, manufactures, licenses and supports a wide range ofsoftware products for computing devices. Headquartered inRedmond, Washington,USA, its best selling products are theMicrosoft Windowsoperating system and theMicrosoft Office suite of productivity software. These products have prominent positions in thedesktop computer market, withmarket share estimates as high as 90% or more as of 2003 for Microsoft Office and 2006 for Microsoft Windows, in line withBill Gates's vision "to get a workstation running our software onto every desk and eventually in every home". Founded to develop and sellBASICinterpreters for theAltair 8800, Microsoft rose to dominate thehome computer operating system market withMS-DOS in the mid-1980s. The company released aninitial public offering (IPO) in thestock market, which, due to the ensuing rise of the stock price, has made fourbillionaires and an estimated 12,000millionaires from Microsoft employees. Throughout its history the company has been the target of criticism for various reasons, includingmonopolistic business practices—both theU.S. Justice Department and theEuropean Commission, among others, brought Microsoft to court forantitrust violations and software bundling. Microsoft has footholds in other markets besides operating systems and office suites, with assets such as theMSNBCcable television network, theMSNInternet portal, and theMicrosoft Encarta multimedia encyclopedia. The company also markets bothcomputer hardware products such as theMicrosoft mouse andhome entertainment products such as theXbox,Xbox 360,Zune andMSN TV. Known for what is generally described as a developer-centric business culture, Microsoft has historically given customer support overUsenet newsgroups and theWorld Wide Web, and awardsMicrosoft MVP status to volunteers who are deemed helpful in assisting the company's customers. Selected image
Selected economy Toronto, thefinancial centre of Canada Canada has ahighly developedmixed economy. As of 2025, it is theninth-largest in the world, with anominal GDP of approximatelyUS$2.39 trillion. ItsGDP per capita in purchasing power parity (PPP)international dollars is about 27.5% lower than that of the highest-ranking G7 country. Canada is one of the world's largesttrading nations, with a highlyglobalized economy. In 2021, Canadian trade in goods and services reached $2.016 trillion. Canada's exports totalled over $637 billion, while its imported goods were worth over $631 billion, of which approximately $391 billion originated from the United States. In 2018, Canada had atrade deficit in goods of $22 billion and a trade deficit in services of $25 billion. TheToronto Stock Exchange is thetenth-largest stock exchange in the world bymarket capitalization, listing over 1,500 companies with a combined market capitalization of overUS$3 trillion. Canada has a strongcooperative banking sector, with the world's highest per-capita membership incredit unions. It ranks low in theCorruption Perceptions Index (12th in 2023) and "is widely regarded as among the least corrupt countries of the world". It ranks high in theGlobal Competitiveness Report (11th in 2025) andGlobal Innovation Indexes (14th in 2025). Canada's economy ranks above mostWestern nations onThe Heritage Foundation'sIndex of Economic Freedom and experiences a relatively low level ofincome disparity. The country's average householddisposable income per capita is "well above" theOECD average. Canada ranks among the lowest of the most developed countries forhousing affordability andforeign direct investment. Among OECD members, Canada has a highly efficient and strongsocial security system; social expenditure stood atroughly 23.1% of GDP. (Full article...) Selected quoteThe majority of these men beheve that the fundamental interests ofemployees andemployers are necessarily antagonistic.Scientific management, on the contrary, has for its very foundation the firm conviction that the true interests of the two are one and the same; that prosperity for the employer cannot exist through a long term of years unless it is accompanied by prosperity for the employe, and vice versa; and that it is possible to give the workman what he most wants — highwages — and the employer what he wants — a lowlabor cost — for his manufactures. It is hoped that some at least of those who do not sympathize with each of these objects may be led to modify their views; that some employers, whose attitude toward their workmen has been that of trying to get the largest amount of work out of them for the smallest possible wages, may be led to see that a more liberal policy toward their men will pay them better; and that some of those workmen who begrudge a fair and even a largeprofit to their employers, and who feel that all of the fruits of their labor should belong to them, and that those for whom they work and the capital invested in the business are entitled to little or nothing, may be led to modify these views. No one can be found who will deny that in the case of any single individual the greatestprosperity can exist only when that individual has reached his highest state of efficiency; that is, when he is turning out his largest dailyoutput.
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