Banking & Business
This general category includes a selection of more specific topics.
Banking & Business Encyclopedia Articles
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international payment and exchange
International payment and exchange, respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such payments....
art market
Art market, physical or figurative venue in which art is bought and sold. At its most basic, an art market requires a work of art, which might be drawn from a very wide range of collectible objects; a...
organized labour
Organized labour, association and activities of workers in a trade or industry for the purpose of obtaining or assuring improvements in working conditions through their collective action. British trade...
logistics
Logistics, in business, the organized movement of materials and, sometimes, people. The term was first associated with the military but gradually spread to cover business activities. Logistics implies...
automation
Automation, application of machines to tasks once performed by human beings or, increasingly, to tasks that would otherwise be impossible. Although the term mechanization is often used to refer to the...
wage and salary
Wage and salary, income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the...
insurance
Insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental...
property tax
Property tax, levy that is imposed primarily upon land and buildings. In some countries, including the United States, the tax is also imposed on business and farm equipment and inventories. Sometimes the...
government economic policy
Government economic policy, measures by which a government attempts to influence the economy. The national budget generally reflects the economic policy of a government, and it is partly through the budget...
business organization
Business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and...
accounting
Accounting, systematic development and analysis of information about the economic affairs of an organization. This information may be used in a number of ways: by a firm’s managers to help them plan and...
systems engineering
Systems engineering, technique of using knowledge from various branches of engineering and science to introduce technological innovations into the planning and development stages of a system. Systems engineering...
coin
Coin, a piece of metal or, rarely, some other material (such as leather or porcelain) certified by a mark or marks upon it as being of a specific intrinsic or exchange value. The use of cast-metal pieces...
business finance
Business finance, the raising and managing of funds by business organizations. Planning, analysis, and control operations are responsibilities of the financial manager, who is usually close to the top...
money
Money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person...
bank
Bank, an institution that deals in money and its substitutes and provides other money-related services. In its role as a financial intermediary, a bank accepts deposits and makes loans. It derives a profit...
income tax
Income tax, levy imposed on individuals (or family units) and corporations. Individual income tax is computed on the basis of income received. It is usually classified as a direct tax because the burden...
Hanseatic League
Hanseatic League, organization founded by north German towns and German merchant communities abroad to protect their mutual trading interests. The league dominated commercial activity in northern Europe...
commodity trade
Commodity trade, the international trade in primary goods. Such goods are raw or partly refined materials whose value mainly reflects the costs of finding, gathering, or harvesting them; they are traded...
industrial relations
Industrial relations, the behaviour of workers in organizations in which they earn their living. Scholars of industrial relations attempt to explain variations in the conditions of work, the degree and...
taxation
Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although...
money market
Money market, a set of institutions, conventions, and practices, the aim of which is to facilitate the lending and borrowing of money on a short-term basis. The money market is, therefore, different from...
social security
Social security, any of the measures established by legislation to maintain individual or family income or to provide income when some or all sources of income are disrupted or terminated or when exceptionally...
legal profession
Legal profession, vocation that is based on expertise in the law and in its applications. Although there are other ways of defining the profession, this simple definition may be best, despite the fact...
European Union
European Union (EU), international organization comprising 27 European countries and governing common economic, social, and security policies. Originally confined to western Europe, the EU undertook a...
international trade
International trade, economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and...
government budget
Government budget, forecast by a government of its expenditures and revenues for a specific period of time. In national finance, the period covered by a budget is usually a year, known as a financial or...
urban planning
Urban planning, design and regulation of the uses of space that focus on the physical form, economic functions, and social impacts of the urban environment and on the location of different activities within...
marketing
Marketing, the sum of activities involved in directing the flow of goods and services from producers to consumers. For a discussion of how words, images, and associations are used to represent and distinguish...
research and development
Research and development, in industry, two intimately related processes by which new products and new forms of old products are brought into being through technological innovation. Research and development,...
security
Security, in business economics, written evidence of ownership conferring the right to receive property not currently in possession of the holder. The most common types of securities are stocks and bonds,...
tax law
Tax law, body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized...
nursing
Nursing, profession that assumes responsibility for the continuous care of the sick, the injured, the disabled, and the dying. Nursing is also responsible for encouraging the health of individuals, families,...
operations research
Operations research, application of scientific methods to the management and administration of organized military, governmental, commercial, and industrial processes. Operations research attempts to provide...
