Asad's Business and Technology Articles

I collected the 5- Best definitions of Business in order to clearly teach business as well as non-business students and other readers for conceptually understand the basic meaning of business. An   organization   or   economic system   where   goods and services   are exchanged for one another or for   money A   business , also known as an   enterprise   or a   firm , is an   organization   involved in the   trade   of   goods ,   services , or both to   consumers Business is an   economic activity , which is related with continuous and regular production and distribution of goods and services for satisfying human wants. Business refers to a form of activity conducted with an objective of earning profits for the benefit of those on whose behalf the activity is conducted.   A  commercial  activity engaged in as a  means  of livelihood or  profit , o...

Investment is basically the committment of funds in assets with the hope that it will generate income or appreciate in the future with anticipated risk. There are three words in the definition includes; funds, assets and income. 1. Funds mean the money someone is going to invest. 2. Assets mean any tangible property (Land, Building etc) or intangible (patent, copyright) or financial assets like shares and debentures of the company. 3. Income is the difference between Revenue (Cash inflow) and Expense (Cash outflow). The building of a factory used to produce goods and the investment one makes by running college or university are both examples of investments in the economic sense. In the financial sense investments include the purchase of bonds, stocks or real estate property.

The trade between two or among more than two nations is term as ‘International Trade’. But it is not our purpose we need to analyze this definition more practically than it is defined. A lot of thanks to economist that gave us this theory and helped the under developed countries or even advance to increase their trade volume, export and import.

Alfred Marshall gave the concept of welfare in economics, he argued that society should produce those goods that are beneficial and not harmful. We can say it, he discussed about positive externalities. For example, he suggested to produce drinks instead of wine because wine is against human health and government should make restrictions in this regard. He focused on welfare by goods and laid down the base of welfare economics. We now analyze Marshall’s definition deeply that how government can help society in the improvement of social welfare. Government should make, for welfare, free trade policies and the opportunities to be given to peoples to buy and sell goods and services in international markets and share contribution in bilateral trade. Government should discourage production of health hazardous products like Tobacco, Wine, and some chemicals etc. though a labor class is engaged in production of these goods, but in broader sight it is no more than social welfare. Government ma...