Picture MEEMEE TIEM
- Thread starter CiNiC
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SURVEILLANCE DOE. Ugh, just the worst!
SURVEILLANCE DOE. Ugh, just the worst!
it's like one of my favorite movies
Pengy
Legendary Skial King
A business (also known as company, enterprise, or firm) is a legally recognized organization designed to provide goods, services, or both to consumers or tertiary business in exchange for money. Businesses are predominant in capitalist economies, in which most businesses are privately owned and typically formed to earn profit that will increase the wealth of its owners. The owners and operators of private, for-profit businesses have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Businesses can also be formed not-for-profit or be state-owned.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
As an example of workspace contrast, the higher-ranking executives may have large corner offices with impressive views and expensive furnishings, whereas the lesser-ranked desk clerks may share small, windowless cubicles with plain utilitarian furniture. As an example of the differing responsibilities, the higher-ranked worker will usually have a more broad and fundamental responsibility in the company whereas the subordinates will be delegated more specific, and limited tasks. The cases of differing privilege and salary speak for themselves.
At some companies, the "white-collar employees" also on occasion perform "blue-collar" tasks (or vice versa), and even change their clothing to perform the distinctive roles (i.e., dressing up or dressing down as the case requires). This is common in the food-service industry. An example would be a restaurant manager who may wear more formal clothing than lower-ranked employees, yet still sometimes assist with cooking food or taking customers' orders. Employees of event-catering companies often wear formal clothing when serving food.
As salaried employees, white-collar workers are sometimes members of white-collar labor unions and they can resort to strike action to settle grievances with their employers when collective bargaining fails. This is far more the case in Europe than in the United States, where less than ten percent of all private sector employees are union members. White-collar workers have a reputation for being skeptical or opposed to unions, and tend to see their advancement in work as tied to their reaching corporate goals rather than in union membership.
Wealth is the abundance of valuable resources or material possessions or the control of such assets. The word wealth is derived from the old English wela, which is from an Indo-European word stem. An individual, community, region or country that possesses an abundance of such possessions or resources is known as wealthy.
The concept of wealth is of significance in all areas of economics, especially development economics, yet the meaning of wealth is context-dependent and there is no universally agreed upon definition. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts. Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.
Although precise data is not available, the total household wealth in the world has been estimated at $125 trillion in year 2000. 90% of this wealth is produced by people in North America, Europe, and high-income Asian countries, and 1% of adults are estimated to produce 40% of world wealth, a number which falls to 32% when adjusted for purchasing power parity.
