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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 Actuaries are business professionals who deal with the financial impact ofrisk anduncertainty. Actuaries are highly trained experts with a deep understanding of financial security systems, their reasons for being, their complexity, their mathematics, and the way they work. They evaluate the likelihood of future events and design creative ways to quantify the contingent outcomes in order to minimize losses associated with uncertain undesirable events. These risks can impact both sides of thebalance sheet and requireasset management,liability management, and valuation skills. It takes a combination of strong analytical skills, business knowledge and understanding of both human behavior and the vagaries of information systems to design and manage programs that control risk. Actuaries work in a number ofinsurance disciplines, which may be classified aslife,health,pensions, annuities, and asset management,social welfare programs,property,casualty,liability,general insurance andreinsurance. Selected image
Selected economy Mexico City, the capital city of Mexico Mexico has adevelopingmixed economy. It is the13th largest in the world in nominal GDP terms andby purchasing power parity as of 2024. Since the1994 crisis, administrations have improved the country'smacroeconomic fundamentals. Mexico was not significantly influenced by the2002 South American crisis and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the2008 recession, with its gross domestic product contracting by more than 6% that year. Mexico has the lowestsocial expenditure among OECD countries, roughly 7.5% of GDP.(Full article...) Selected quote"Gresham's law has made a modified reappearance. For most cars traded will be the "lemon", and good cars may not be traded at all. The"bad" cars tend to drive out the good (in much the same way that bad money drives out the good). But the analogy with Gresham's law is not quite complete: bad cars drive out the good because they sell at the same price as good can; similarly, bad money drives out good because the exchange rate is even. But the bad cars sell at the same price as good cars since it is impossible for a buyer to tell the difference between a good and a bad car; only the seller knows. In Gresham's law, however, presumably both buyer and seller can tell the difference between good and bad money. So the analogy is instructive, but not complete." TopicsRelated WikiProjectsDid you know(auto-generated) -load new batch
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