What Is an Economy?

A economy is a specific place of the exchange, production and distribution of goods and services, by different producers and consumers, in relation to their needs and capacities. In economics, it is often defined as a market system in which economic activity takes place on the market, i.e. in terms of transactions between buyers and sellers. The process of economics deals with the analysis of why a country’s economy grows or shrinks, what determines its state, what causes inflation and deflation and how the political or economic systems of various nations affect each other.


Economists attempt to understand the inter-dependence of economic variables and the determination of both macroeconomic aggregates (the sum of all economic elements in a country) and micro economic aggregates (the variations in personal economic activities of an individual). A mixed economy is one in which the output of one sector of a economy influences the output of another sector, creating discrepancies between what is produced and what is required. For instance, when the value of oil is increasing because of rising demand, the price of oil will also increase. The overall output of the economy, however, remains level. A mixed economy may be characterized by the following indicators: the division of total income of workers by the total income of corporations, government spending on infrastructure, taxation and industrial production.

Economists also try to analyze the inter-dependence of economies. One way of doing so is to examine how changes in aggregate demand affect prices of particular goods. Changes in aggregate demand can affect the price of raw materials, for example, thereby affecting the price of capital goods, or affect the employment rates of producers of certain goods. But these changes do not have direct effects on the supply of goods. So, a demand elasticity is a crucial concept for understanding how the economy responds to changes in aggregate demand. An economy in a state of demand equilibrium is one in which changes in aggregate demand do not affect the balance of available goods (with respect to demand, i.e., between supply and demand, both of which are included in the definition of equilibrium).

Types of Business Organization

The word business refers to any entity or individual engaged in professional, commercial, or agricultural activities for profit. Businesses may be sole proprietors, partnership or corporation. Business types also range in size from single proprietors, individuals, and small firms to large multinational companies and international enterprises. A business is generally defined as a company which engages in buying and selling goods and services and other related financial transactions for earning a profit.


There are various types of businesses. Some of them are: Real Estate agents; Dentists; Plumbers; Lawyers; Dental Hygienists; Car Dealers; Football & Tennis clubs; Milk Producers; Engravers; Builders and Manufacturers; Furniture Shops; Fruit Packers and Fruit Pickers; Auto Makers and Wholesale Dairies; Home-based Businesses and Professional Services such as accountants, realtors, etc. Based on the above description, it is evident that there are many business activities involved in daily life of individuals and small businesses. To make things easier for an entrepreneur, it is important to categorize the various types of business so that he/she does not have to look for new businesses every now and then for completing their daily tasks.

In order to understand the nature of each business, it is important to study the nature of the goods or services involved in the business. An entrepreneur has to clearly define his/her objectives before proceeding to the identification of the means to realize those objectives. The objectives can be based on personal preferences such as earning more money, being more popular, having a prestigious brand name, etc. Other objectives can relate to achieving economic objectives such as making a certain percentage of profit, purchasing equipment, using particular tools, etc. Economic objectives are usually linked with production and sales of the type of goods or services sold, although some business activities may include using the assets and supplies of the company as well.

Main Article: Environment – What Is It?

Environment refers to anything produced under normal conditions. Any thing man made that exists in our surroundings (which includes everything on our planet) is part of the environment. Therefore man has an environment, even when he is alone. The environment is something that humans have influenced through their actions. Man has made some changes to the environment, like the use of coal, gas, petroleum, and other petroleum products, but to keep this earth habitable for us all there will always be changes to our ways of living, and how we relate to our environment. A good example would be the current pollution issues that plague our world today.


The natural environment or the natural world encompasses all existing and non-existing living things existing naturally, which means outside of human existence. The word is mostly used in science to describe the earth or any parts of it. It usually refers to a particular type of environment that is generally a mixture of soil, air, and water. It can also include any living things such as plants and animals that are both natural and living. Some people however use the word “natural” to describe any type of environment, but in most cases this term is only used to describe the earth as we know it.

The main article on this topic will show that global warming and climate change is the most important environmental issue of our time and is threatening to wipe out most of the natural resources of the world in the next century and possibly the next millennium. This article is meant to act as a guide to help readers understand the main concept behind the environment. They are the resources in and around our planet. These resources are living things that provide food, clothing, and shelter. Our world has an overall supply of energy, but the problem is that the cost of these resources has been increasing steadily, because of high demand and low supply.

The Role of Economists

Economy refers to any physical condition in a society which affects the processes of production, distribution, and use of materials and goods. An economy is a part of the overall production, distribution, and exchange of goods and services, by various producers and consumers, for the benefit of all. In simple terms, it is defined as ‘a political community that relate to each other and influence each other through the production and distribution of goods, services, and information’. The term has different meanings in different fields of study. In economics, however, it refers to the overall interrelations of economic activities of a country, as reflected in its output and consumption; prices and incomes; and incentives for investment and employment.


Economists try to understand the nature and effects of the economy, taking into account the inter-linkages among economic factors. Households, businesses, governments, and even individuals are economically connected through their purchases and transactions. Households, businesses, governments, and even individuals affect the overall economic performance of the economy through household management, money management, spending and savings habits, investment, employment, technology use and knowledge, international trade and finance, innovations, entrepreneurship, international capital movement, and market structure. All these factors, affecting the economy, contribute to the movement of economy towards or away from the state of equilibrium.

Economists attempt to identify the sources and directions of changes in the economy, taking into account the inter-relations of economic agents within the economy. They are also responsible for the formulation of policy, in order to promote economic growth, stabilize the financial system, decrease inflation, reduce domestic price level fluctuations, reduce the role of foreign direct investment in the economy, increase domestic output, and increase domestic capacity and efficiency. The role of economists in our lives can seem quite complicated and overwhelming, but it does not need to be so. The best thing to do is to remember what they say: ” Economics is always economics.” The knowledge of how a business operates in and out of the economy is necessary if one is to understand how to maximize the firm’s resources and profit at the maximum level. Understanding economic concepts, principles, the nature of markets and money are essential in order to understand how to develop economic growth, and how to keep economies growing.

Why Small Businesses Must Come Up With A Social Need Before Profits Can Flow

In a typical business, individuals perform a certain task to create and sell goods or services. Others also purchase the goods and/or services. Ultimately, the business owner is the entity that hires individuals for specific work. A business can therefore generate a profit for the goods and/or services it provides. However, it is very difficult to predict the demand for a business’s product or service; hence the need to employ people to work on the business to generate profit.


A business that engages in buying and selling goods is referred to as a retailer. If a business comes into existence with the sole intent of buying and selling its own products (like clothing, books, etc.) then it is a retailer. In a Corporation, there are no customers or goods to buy, so the retailer becomes an agent for the parent company.

Many businesses do not come into being with the sole intention of earning profit. Instead, a business must develop in order to generate profit through the social need created by the product or service sold to consumers. Individuals working in such businesses must also come up with creative ways to find a way to advertise the good or service they have for sale. This advertising can be done through newspapers, television, radio, flyers, billboards, etc.

The Definition of the Environment


The Definition of the Environment

A big part of environmental science is determining how humans effect the natural environment. Natural environments are those existing in place without human influence, such as in the ocean, air, and land. The natural environment is often defined by scientists as the entire Earth or a large parts of Earth. Examples of living things in the natural environment include plants, animals and bacteria. There has been much debate on whether or not life on Earth is primarily organic, which means that it exists without any traces of organic matter, or non-organic, which means that it requires some amount of organics.

The word environment can also be used to describe the human environment. The environment of a human being is the entire gamut from his head to his toes, including his surrounding space and physical surroundings. It includes his home, his work and his relationships with other people. In more scientific terms, the word environment can also be used to describe the processes and interactions occurring within a living things’ natural environment. This is also known as the “biological environment.”

In the study of the definition and scope of the environment, it is important to take into consideration both the living and non-life environment. It is important to examine what effects humans have on the environment and how that may be affecting the natural environment. Another important question to ask when delving into the definition of the environment is what can be done to change the current state of the environment? One possible solution to environmental problems is altering or regulating the use of commercial agricultural products, pesticides, fertilizers, herbicides, and the methods of farming. These products pollute the environment with their use, thereby affecting not only the living things in the soil, air, and water, but also the non-living things such as trees and vegetation.


An economy is a place of the exchange, production and distribution of goods and services, by various agents, for the benefit of society. By “different agents” we imply those people who actually perform the relevant functions concerned. In simple terms, an economy is a social community where all the economic activities are directed towards the accomplishment of common purposes, pursued by the individuals in their capacity. The scope of economic activity is vast and varies across the board. In a basic sense, economics refers to the study of how people, individually and collectively, affect the world around them and interact to affect the economy.


An economy can be broadly classified into three basic categories: productive, unproductive, and capital-goods economies. A productive economy is one in which the effort and resources expended on production are productive in the final sense. For example, the value of the output of plant and machinery, the value of labor and other human resources invested in training and education, the value of various types of land and other resources used in the operation of industries, and so on, are all considered to be productive. Likewise, an economy that is unproductive is one in which the output obtained from the activity of economic agents is not beneficial to the society.

Capital-goods economies depend on the ability of fiscal agents to make the kinds of purchases needed for the accomplishment of economic activity. The ability to buy means to produce necessitates the existence of monetary units, which are the money power underlying the operation of the economy. Money, being a powerful form of authority, is capable of influencing both supply and demand in the market. The demand function, being determined by the real productive potential of the economy, determines the price level of goods and services. On the other hand, production of scarce goods, including certain forms of energy and other essentials, such as food and water, requires the employment of physical resources that form the inventory of capital goods. These assets, through their exchange value, determine the level of income and wealth available from the operation of economy.

The Different Types of Business Corporations


The Different Types of Business Corporations

Throughout the entire course of business operations, successful business leaders establish realistic and achievable objectives for the business, and then they rally groups to work together and bring them to pass. These objectives and goals are company objectives; they are what the business wants to achieve to be successful, to succeed, to achieve its marketing objectives, and most importantly to deliver effectively. A business can only move forward with the collective objectives that have been agreed upon and determined by the owners and the managers. These objectives not only define the end result of the business, but they are the driving force behind the business, and help it to become what it is today.

In business there are many types of relationships that exist. In a partnership, there are two parties that come together in an agreement to perform certain functions or services for one another at a mutually agreed upon price. A corporation is considered a partnership in that a corporation performs functions for either an individual shareholder or a group of shareholders. A partnership in many businesses consists of two separate companies that come together to form a new entity. Many businesses today incorporate themselves as separate entities from their original parent companies, or form a limited liability corporation instead.

Limited liability companies (or LLC’s) are very similar to partnerships; however, instead of two investors, one investor controls all the assets and liabilities of the company while the other owns none, making it a great way for limited liability situations. One of the most common forms of these arrangements is a C corporation or limited liability company. The C corporation is often used as an entity for purchases or financing residential mortgages, which helps the lending institution make money off of a borrower, while avoiding the high costs associated with lending. An LLC is often used as an investment vehicle, allowing the owners to reap the benefits without putting themselves at risk.

An Overview of the Environment


An Overview of the Environment

The environment refers to the entire natural world or all living things existing naturally, which means in this context not synthetic. The term is usually used to describe the Earth or any specific geographic region or part of the Earth. It also covers the living planet such as human beings, other animals, plants and even in some way, fungi and bacteria.

For the purposes of this discussion, the term “envisage” is used to mean to take a view of, imagine or contemplate an area where living organisms are present. This includes all the planets in our solar system as well as those that have been discovered to be potentially habitable by human beings. Thus the environment refers to the entire space around the sun, including the atmospheres of stars and other gas giants and all bodies in the solar system. The term can also be used to refer to the physical laws that govern the evolution of living organisms in particular systems.

It is a complex field. The word “environmental” literally means “of or relating to the environment”. It is a field that combines knowledge from many disciplines, including art, science, engineering, philosophy, sociology, psychology, anthropology and literature. Its scope is constantly expanding because new environmental issues arise on a regular basis, whether in human affairs, economics or geology. Because it deals with the interactions between living organisms on earth as well as between people and their environments, environmental science is the most important subject for humanities and social sciences students. Studies in environmental science typically form the basis for courses in humanities and social science, especially those that provide information about the current environmental issues.

What Is An Economy?


What Is An Economy?

An economy is a large inter-connected system of production, consumption, and distribution activities that help to determine how valuable certain resources are allocated geographically. In an economy, goods and services are utilized to meet the personal needs and requirements of the people who live and work in it. Economists consider an economy to be “fully functioning” when the process of circulation of money within the economy takes into account the needs and desires of all consumers as well as the capacity of the businesses that generate the bulk of the economy’s output. It is said that in a truly efficient economy, demand and supply conditions are in equilibrium. More money is demanded than is supplied, keeping the equilibrium of prices and income levels as desired.

Although markets are often called the “force behind” an economy, it is not the market alone that determines the state of an economy. Factors such as productivity growth, inflation, government spending, business cycles, governmental policies, international trade, technology, demographics, living standards, housing development, and attitudes toward money and credit are all important in the determination of the course an economy will take. Household management and economic systems have much to do with each other as well. If household spending patterns are out of step with the general direction of the economy, household budgeting problems can quickly make the economy go into recession.

Unlike traditional economic systems, modern economies attempt to use the information contained in the pricing data to both create and distribute the goods and services that are produced in their economies. For example, unlike the price system in traditional markets where what you pay for a commodity is simply the best estimate of the value you will receive, economies attempt to take into account the current state of the balance sheets of various companies. The same is true of the value of human life: as long as the supply of goods and services exceeds the demand for them, there is no problem. However, if the supply exceeds the demand, the result will be inflation and growing shortages in both the quantity and quality of the goods and services that are produced in an economy.

The Best Possible Use of Articles For Marketing

Business and the success it enjoys depends on many factors, some personal, others corporate, but all have their own meaning. One such factor is the vision of the entrepreneur about the business. In order to have a clear and vivid picture in your mind about what you want your business to achieve, it is good to write down and make out a written plan for the business. Five most important goals of business can be then classified as below:

The topmost goal of business objectives is, firstly, to make a profit; secondly, to expand the business objectives if need be; next, to create new markets or penetrate existing markets effectively; thirdly, to develop products, or services associated with satisfying the above-mentioned objectives. Then comes the second goal, the achievement of social objectives. It states that the business should be socially just and economically just. This can be achieved by increasing the efficiency and cutting costs, reducing the pollution and other harmful consequences caused by the operation of the business, having reasonable access to markets. Having reasonable access to markets thus means that the business should be able to supply a service or product that is needed by people, and it should be in demand. A business therefore is not just about creating products, it is also about selling them and gaining profits.

The third objective is the attainment of the ultimate objective, which is the creation of a socially just and economically just society. The other objectives included in the bottom line of the business plan are advertising, circulation, distribution and safety and security of the business unit. Advertising, then, is said to be the most important economic objective because it is necessary for the survival of the business. Circulation, on the other hand, is said to be necessary for the continued existence of the business. Distribution and safety and security of the business unit meanwhile, is necessary to ensure a safe and protected environment for the workers during their employment.

Environment sustainability

The environment is a non secular construct of thought. It is defined as the entire physical universe including all known living things and non living things existing in its environs. The word is commonly used to describe the Earth or any specific portions of the Earth. In this modern era, the environment is generally understood to include the living world of plants and animals and the non living world such as void or empty space. However, the environment can also be interpreted in terms of its impacts on humanity and civilization as a whole. Therefore, the promotion of environmental sustainability is a key component of human society.

The main aim of sustainability is to conserve the external environment through proper management, preservation and protection of the non living systems and the living organisms that are involved in the various processes of life. One of the most important aspects of this theory is the reduction of the levels of use of non renewable resources such as fossil fuels, which pollute the environment and deplete the stocks of oxygen and other vital gases. Another aspect of environmental sustainability is the respect for and protection of the rights of the indigenous peoples of different ecosystems and their right to pursue economic, social and cultural development. These endeavors build support for the preservation and enhancement of the natural diversity of the ecosystems, and thereby the protection and promotion of the biodiversity of the world.

Environmentally sustainable management seeks to balance the rate of de-placement of living organisms within the earth system by protecting and enhancing their population, by understanding the roles and responsibilities of natural internal structures in the earth’s climate systems and by encouraging innovations, creation and dissemination of knowledge within and outside the organization. Such organizations also work towards reducing the levels of de-placement of non living organisms through sustainable design and technology, and by protecting the biodiversity of the ecosystems and their biodiversity dependent on the earth’s atmosphere, space, water, land and biotic communities. These organizations also work towards the sustained evolution of the ecosystems and promote enhancement of the biodiversity of the environment. These endeavors promote the continuity of the eco-systems and the continuity of the world’s ecosystems and their evolution for the benefit of all living organisms.

What Is An Economy?

A economy is a place of exchange, production and distribution, and consumption of various goods and services by many agents. In simple terms, it is described as ‘a social community that concentrate on the practices, modes, discourses, and content of exchange of products and services by various agents’. It has become the most important aspect of all economic activity. Economists have tried to describe the economy in many different ways but they all concur on one thing: it is a system in which production is the main activity and money is the medium of exchange.


The distribution of wealth is also important in any economy and this determines the strength or weakness of the economy. In fact, economists argue about the distribution of wealth because they consider that there is not enough good land, enough capital goods, enough trained people for education, enough money in the economy so that poor people can survive. All these things lead to the scarcity of scarce resources. Scarce resources are used up by the productive sector first and then they are distributed amongst the other parts of the economy.

Economists debate about the distribution of wealth, the level of efficiency of the market system, the stability of the economies, the extent of freedom of markets, etc. Many free-market economists are also sceptical about the importance of planning in a economy. They believe that economies are largely controlled by forces of demand and supply. But it does not mean that economies can’t plan, they just have to do it in a coordinate way. In fact, if planned correctly, economies can be very far advanced towards socialism.

Achieving Maximum Profits Through a Business Organization

A business is a company where people usually work together in a structured manner. In a large company, different people sell or buy goods and services to create a business. Other individuals purchase the goods and services provided by the company. To maximize the profitability of a company, the business should be organized in a way that maximizes its potential. Therefore, each employee should be given a certain role and certain task so that they could contribute something towards the growth of the company.


In order to achieve maximum profitability in any business, quality goods and service are sold to the customers at the right time, at the right place, and at the right price. The best possible services are made available to the customers, and the businessman gets all the profits from his sale. With the help of sales professionals and other people who work on the business unit, the businessmen organize the business in a planned and structured way so that they could get maximum profits. Therefore, the businessman should also think about his own contribution towards the success of the company. He should give his best effort in order to make the company grow.

In order to reach the goals and objectives of the company, the entrepreneur should plan his business activities and work accordingly. Sometimes, it becomes really hard to know exactly what you should do to achieve the success of your business organization. However, it is not impossible. Planning and organizing the business activities of the organization in a proper way makes it possible to reach the set objectives and goals. The objective of every company, such as attaining profits, becoming profitable, increasing the number of customers, and providing quality goods and services, is to maximize its profits, become highly competitive, and increase the number of loyal customers. The main reason for any business to fail is that it does not have a clear set of objectives or a correct plan for attaining its objectives.

Tips For Workplace Environment Awareness

In today’s world, where our impact on the environment is becoming more pronounced, we need to ensure that we are doing all we can to mitigate the effects of our work. It is not enough to simply buy green products and make sure your children do their schoolwork in environmentally friendly classrooms; we need to actively participate in making positive changes so that we can create a more sustainable future for our environment. Green work can involve everything from reforestation to recycling, but it all adds up when we look at the cumulative effect of all these actions. A small change, done today, can have big implications tomorrow; if you’re part of the workforce or management, learning about how to implement a sustainable approach to the environment at work is essential.


One of the best approaches to sustainable change management at work is to involve your team in decision making about the environment. It is not enough to say that you’re concerned about the environment, you have to show your team that they have a part in making a positive difference. One of the easiest ways of doing this is by encouraging your team to get involved in various events that will directly benefit the environment. Whether it’s planting trees or taking part in an eco-tourism event, your team will be learning about the natural world and will be using their creativity and drive to make a positive impact.

Of course, you’ll still need to ensure that your work is complying with legal requirements – it’s vital that it does not pollute the environment or cause environmental damage, after all. One of the most important aspects of any environmentally conscious strategy is to ensure that all your documents are written, printed and stored in an environment friendly way. It is equally important to make sure that all the equipment you use is as environmentally friendly as possible, so that you are as responsible as possible towards your company’s environment. As well as dealing with the direct effects of the actions you take, another important issue facing your organisation is the indirect effect of your actions: the damage caused by people to the environment and other people. Learning how to reduce your company’s impact on the environment can help you make a real difference to both your business and the environment in general.

Business Administration – Key Human Resources Specialists

A business is a company where people generally work together. In a corporation, individuals work for the company to create and sell goods or services. Others also purchase the company’s products and / or services. The company owner is generally the individual who ultimately pays individuals for work performed. A company can therefore make a substantial profit off of the goods and / or services it sells.


Today, business administration professionals are particularly critical in the growth of many businesses. This is because business professionals are often those who have managerial skills, management expertise, and also interpersonal skills, making them excellent at dealing with and resolving conflicts as they occur. Other business administration professionals can include accountants, auditors, and HR professionals, among others. Business owners should look to these types of individuals to assist them in planning, creating a sound business plan, recruiting, hiring, coaching, leading, and growing businesses, and much more.

In addition to business administration professionals, human resources specialists are extremely important when it comes to the growth and development of businesses. Human resources (HR) specialists are those individuals that help people enter various businesses, assisting them with finding the appropriate businesses, negotiating employment, handling employment issues, interviewing candidates, hiring staff, developing training programs, managing payrolls and benefits, as well as other HR related tasks. As stated previously, business professionals play a key role in the successful management and growth of many businesses, human resources professionals are especially key in ensuring the success of businesses of all kinds.

Environment – The Main Article


Environment – The Main Article

The environment is considered a primary driver of the changes that occur within it. The environment includes all living and non living things existing in the natural world, which means outside of human life. The word is most commonly used to describe the Earth or any specific sections of the Earth. Any changes within the environment are considered to be either caused by humans, or their impact, such as those caused by climate change. For example, floods can cause major damage to crops and infrastructure, and at the same time create new openings for wildlife migration. Similarly, melting ice caps and changing atmospheric conditions can cause serious consequences on various areas including the coastlines, glaciers, and polar regions.

In order to effectively deal with changes in the environment, we must rely on scientific knowledge and research. One of the most important natural processes associated with the natural environment is the Earth’s climate, which can play a major role in determining the development of many eco systems. There are many interconnecting cycles that happen within the Earth’s climate system, such as climate zones, cold and hot seasons, and the location and orientation of continents. There is also a great concentration of wildlife diversity within the natural environment, which is directly influenced by the natural environmental cycles.

Climate change has a vast range of implications for both ecosystems and individuals. Temperature increases or decreases, resulting in drought or extreme heat waves, can cause drastic effects on species of plants and animals, ecosystems, and even human populations. Similarly, precipitation patterns and changes can also have a significant impact on ecosystems and individuals, as precipitation can alter the availability of water and nutrients for plant and animal life. Rapid changes in the climate or weather can lead to massive die-off of certain types of living organisms in certain parts of the ecosystem, causing an imbalance in the ecosystems overall health.

Economics – Definition

An economy is a place of the exchange, production and distribution of goods, services and products by different agents, within a community or society. In economic theory, it is defined as ‘a complex system that maximize the productivity of human effort and promote the wellbeing of society as a whole’. The definition of economy can be considered as the totality of practices related to the production and distribution of goods, services and products within a community or society.

In today’s world, economies are undergoing changes in all aspects as the world’s population is growing rapidly, creating demands for more goods, services and products. In addition to this, changes in technology have increased the pace of production and changed the way people spend their money. These factors have created numerous economic differences among communities and countries. The size of the economy refers to the amount of goods, services and products that an average community or country can produce in a given time. Economists and political scientists define an economy as an economic system that efficiently uses the scarce resources available to produce goods, services and products in an economical way.

In an economy, there is a balanced flow of ‘natural’ resources from the land, households, governments and businesses to satisfy the demand of consumers and generate revenue. This process takes place on a long term basis. An economy is said to be running efficiently when there is a sufficient supply of income, employment and investment to meet the domestic demand and produce growth in the product market. An economy has a smooth functioning when all aspects of the market are functioning smoothly and effectively to support the domestic economy. A healthy economy ensures that the distribution of natural resources is fair.

What is a Business?

A business is defined as any type of enterprise entered into by a person or group to earn a profit. Business enterprises can be either private or for-profit entities that operate to meet a social purpose or further an educational objective. Although the main goal of business activities is to earn profits, they are sometimes undertaken with the aim of developing a social venture or community at large.


Developing a market economy has brought up several questions like what constitutes a business and how does it differ from a corporation? Basically a business exists when the assets and liabilities of an entity are controlled by one entity. In a corporation, all the shareholders or owners of the corporation own and control the business. All the property and assets of the business are owned by the corporation. A private firm on the other hand, is not a business but a separate entity from the owner and has the same characteristics as any other business.

However, unlike a corporation, there is no formal corporate structure; it is usually a one-owner partnership. A partnership disposes of its share capital (the income it receives), whereas a corporation uses its share capital to acquire new assets and hire new employees. Consequently, there are two types of capital: debt and share capital. Debt capital is used to finance the purchase of tangible assets, while share capital funds the development of new ventures. The total number of outstanding debts and assets of a business will determine its capacity to earn profits.

What Is Environment?

Environment means different things to different people. For some it is the air we breathe, the water we drink, the soil in which we sift our crops, animals that we share our homes with and the wildlife on the land. Others see environment in a much larger scale. To them it is the air, the water that runs off natural resources like springs, oceans, rivers and the soil that is replenished annually. Others still see environment as the vastness of the universe in its various forms – the void left by the Big Bang, the Universe or the God-consciousness that created it, the Sun and the stars, and the beauty that we find in all life.


In this article we will be looking closely at what environment means for those who have a natural environment and also those who do not have one. The natural environment or non-biological world encompasses everything living and non living things happening naturally, which means in this case no artificial. The word is most commonly used in science to describe the Earth or any living things within the solar system other than animal.

In many areas of the earth and throughout the universe there are living things such as plants, animals and even fungi, but they cannot be classified as alive unless they reproduce. This is because they are merely the products of their environment. The environment provides food, shelter and clothing for the animals and plants as well as allowing the energy produced by living things to be harnessed and stored. The Sun will burn the Earth if it is not kept in pristine condition and humans have contributed greatly to that degradation through the burning of fossil fuels that heat up the atmosphere, turning it into a hot, sticky place full of air that is toxic to us. The environment is a tricky thing to define in a satisfactory way because in essence it encompasses everything living and non living, and all of it is part of the wider environment.

Domestic Aspects of Economic Activity

An economy is a term referring to a certain situation where exchange of goods, services, goods and payments takes place through a marketplace or economic activity. In economics, an economy is a local area of specialization, production, distribution, and interaction of different agents with diverse characteristics and practices. In economic theory, an economy is defined as a socio-economic domain that focus on the practices, discourses, goods and payment arrangements related to the production, utilization and management of physical resources. A wide variety of different economic concepts, theories and models are used in economics, which include concepts like the theory of the market, state of equilibrium, entrepreneurship, micro economic activity and macro economic activity.


The study of economy can also be broadly explained as the process of determining the value of a nation’s output in relation to the demand of the population for that same level of output in the domestic market. The analysis of economic activity takes into account the interdependence of economic institutions, policies, practices, structures and incentives over time and space. A well managed economy facilitates efficient allocation of inputs, technology, resources and revenues. A well managed economy enjoys growth of productive capacity at a steady pace, with high levels of employment and investment, and with the lowest level of inflation. For a country, to flourish economically, government needs to invest in creating infrastructure, promoting economic growth, eliminating poverty, providing educational facilities and healthcare, developing efficient judicial system and boosting growth and employment.

Each economic activity has its own role to play in the overall growth and welfare of a nation. Growth of economy needs adequate funding, flexible capital assets, efficient management of financial resources, skilled and trained human capital, favorable international trading position, proper protection of property rights, promotion of international economic programs, promotion of the market system and enhancement of quality of life. All these contribute to the favorable condition of economy and help it attain the objectives set by the central government. A sound economic system ensures that national income increases proportionately with increased level of economic activity.

Understanding the Legal Structures of Businesses

A business is basically an establishment where individuals work under a particular umbrella. In a normal business, individuals work to either make and sale goods or services to others. Others may also buy the goods and services sold by others. The business owner, meanwhile, is the individual who typically hires workers for such work.


These businesses can be either personal or corporate. A personal business involves a person who owns the business but does not hold a managerial position. These are known as solo practitioners or self-employed contractors. Examples of these are accountants, doctors and lawyers. Corporate business entities, meanwhile, are businesses that are formally established as corporate legal entities with officers who hold managerial and executive officer positions.

While solo practitioners and corporations can operate in isolation, larger business entities usually incorporate to protect themselves from risks posed by their own stock ownership. This protects the owners of the firms from possible losses in their stocks. They can also use incorporation to avoid paying taxes on their shares. All of these tactics allow the business to shield itself from legal liability. Business structures, therefore, can help to ensure that the company is able to weather any economic storms. It is important, however, for individuals and corporations alike to engage in market research to understand the legal structure of businesses so that they can better manage their own finances.

The Environment – What is it?


The Environment – What is it?

The environment is a term used to describe the entire universe and the living things that exist within it. The environment is made up of all the living things on Earth as well as non living things such as space dust, cosmic dust, gases, atomic particles, solar radiation and other related things. The environment is a very broad term that can encompass many different things including human activities and also the forces of nature. The environment is important to the people who live in it, the animals that live in it, and the plants and algae that exist in it.

The environment is made up of all the different living things on Earth as well as non living things like space dust, cosmic dust, gases, atomic particles, solar radiation and other related things. The term is usually best used in conjunction with ecosystems, which are the living systems that co-exist within an ecosystem. The ecosystem is where the different species of the environment interact to maintain the stability of the environment. Within an ecosystem the ecosystem is considered to be a living system in itself, whereas the biotic community refers to those organisms that co-exist within an ecosystem. There are two types of organisms that can be considered to be part of the biotic community and these are the abiotic factors and the autotrophic factors.

Abiotic factors are those things that are necessary for the existence of living organisms and they include air, land and water. They are necessary for the survival of all the living organisms and they include bacteria, fungi, single-celled algae and protozoa. They are also necessary for the development and growth of all the plants and they include photosynthetic organisms, oxygenators, nitrifiers, fertilizers and the like. On the other hand, the autotrophic factors are those things that are necessary for the existence of non living organisms in the environment including creatures such as bacteria, stars, plants, rocks, and the like.

What is Economics?

An economy is a field of interaction, production, distribution and exchange, not only of goods and services, by various agents. In broad terms, it is understood ‘as a political domain that involve the practices, discourses and material exchanges related to the production, utilization, distribution, consumption and saving of goods and services’. In other words, economy is the totality of human action in relation to the environment and it is considered as the mechanism by which value is created and value is determined. The process of economy has many interrelations and most importantly, it generates a demand for a market and it also determines the size and rate of economic activity.


Economists have attempted to describe economy as the process through which value is created and households decide how to use it in their everyday lives. For instance, the process of economic exchange is the core of economics; it refers to the process of creating and distributing value within an economic system. Besides, exchange involves production and distribution of goods or services, the transfer of cash between agents, and the allocation of available resources. Household management is one of the important parts of economy because it affects the overall efficiency and determines the level of production and employment. Household management includes planning, forecasting, savings and investment, budgeting, and repayment of loans.

The concepts of economics are used to examine how people and institutions interact to produce and provide goods and services. Households determine the overall efficiency of economy by making decisions concerning production and allocation of available resources. The production of available goods and services, in turn, affects the consumers who buy them and the level of employment. As you can see, economics helps us to understand how things function. Moreover, a thorough understanding of economy helps individuals and institutions survive in a global economic environment.

Business Law – What is Business?

The word business actually comes from the words organization and means dealing with affairs. It usually deals on long term basis. In the early years, the creation of the joint stock company meant that there would be less need for manual labor. These companies were more or less instituted as a way of handling business, but they later went on to become big organizations. The evolution of the business is what helped business to grow to become a massive entity that it is today.


There are many types of businesses. There are those which are completely based on the concept of joint-stock. Then there are the corporations, partnership, limited liability companies, partnership, general partnership, limited liability partnership and also the domain names, which can be in any of these forms. The creation of any type of business requires that certain documents are created, and these include the bylaws, the articles of incorporation, the operating agreement, the shareholders agreement, the credit policy and the security policy.

The formation of a corporation involves several other papers which cannot be covered in this article. However, we will look at a few important topics here, such as limited liability, where corporate law revolves around the concept of whether or not a corporation can have limited liability. Limited liability means that the shareholders of the corporation will not be held personally liable for the debts of the corporation. Other important topics here include the formation of a corporation, its nature, the purpose, number of shareholders, capital structure, transfer of ownership, control of company assets, acquisitions, selling of company assets, restrictions on transfer of stocks, ownership of shares, partnerships, partnership, indemnity and finally, the dissolution of the corporation.

What Does Environment Matter?

The environmental debate in present times is a huge one. This is mainly due to the growing concerns of individuals on their personal health, as well as on the effect of their actions on the environment. There are many differing opinions on how exactly the environment should be viewed. One person’s view may be completely different from another’s. There have also been debates over the years regarding the need for human intervention in the environment.


One debate which has been going on for a long time is the effect of man-made and/or artificially created pollution in the environment. These include the following: air pollution caused by vehicles, manufacturing process, pesticides, and radiation in the atmosphere, to name a few. The atmosphere consists of three components namely water, air, and land. Man has influenced the environment by using all three components in varying proportions. The impact of man on the environment can be seen in the form of global warming, acid rain, and global cooling, to name a few.

Global warming is an increasing concern because it has the potential to cause severe climate change, which could lead to drastic changes in the way of life in a specific area. Acid rain affects the environment by damaging the rainforests, thereby leading to the depletion of the said eco-system. On the other hand, climate change is perhaps the most significant change that the environment has ever seen. It has potentially severe effects on the ecosystems, wildlife, as well as human beings. The major impact of climate change is evident in its effects on the ecosystems. These ecosystems cover a great area and there is a great possibility that the changes in the climate will negatively affect them.