Sunday, January 22, 2012

Role of business

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Business ------- The occupation, work, or trade in which a person is engaged.


Adam Smith (17-170). Regarded as the founder of economics, saw the field as ¡°an inquiry into the nature and causes of the wealth of nations¡±.


Alfred Marshall (184-14) saw economics as being ¡°a study of mankind in the ordinary business of life; it inquires how he gets his income and how he spends it¡±.


Cheap University Papers on Role of business

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Economic ----- economics is that social science concerned with the way in which mankind allocates its scarce resources in order to satisfy its unlimited material wants.


Business plays a number of important roles in our modern society.


These roles can be summarized as follows


In relation to the government it


- provides a source of revenue;


- acts as a tax collection agent;


- has a significant role in implementing government microeconomic, trade and wages policies;


- provides goods and services to the government;


In relation to the consumer it;


- provides a range of goods and services;


- informs the consumer of what is available in term of quality and quantity of goods and services;


In relations to the worker it;


- provides the worker with an income and career;


- Provides an environment for workers to achieve personal growth and development.


In relations to the owner it;


- represents a means of accumulating wealth via profit;


- Provides fulfillment of personal goals.


In the relations to other businesses it;


- provides competition and complements others businesses;


- undertakes research and development through the impetus of competition;


- Becomes a source of innovation.


Small business in the Australia Economic


Make an extremely important contribution to the Australia Economic.


Contribution to Gross Domestic Product ( GDP )


Small business makes a large contribution to our GDP. The ABS survey revealed that in the December Quarter of 11, private sector small business generated 51% of gross earning (income). This would indicate that over 50% of Australia GDP is being generated by small business. Further estimates reveal that the non-agricultural small business sector, on its own, accounted for about 0% of GDP.


Contribution to employment


Small business makes a large contribution to employment. About 5% of all business in Australia can be classified as small business, and these businesses employ just over 5% of all private sector workers (include the self employed).


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Reference


- Fearns Peter. (001). Business studies. England Transet Limited.


- Wessels Walter J. (000). Economics. New York Hauppauge.


- Collier Barry. (18). Introducing Economics. Auckland Jacaranda.


Business ------- The occupation, work, or trade in which a person is engaged.


Adam Smith (17-170). Regarded as the founder of economics, saw the field as ¡°an inquiry into the nature and causes of the wealth of nations¡±.


Alfred Marshall (184-14) saw economics as being ¡°a study of mankind in the ordinary business of life; it inquires how he gets his income and how he spends it¡±.


Economic ----- economics is that social science concerned with the way in which mankind allocates its scarce resources in order to satisfy its unlimited material wants.


Business plays a number of important roles in our modern society.


These roles can be summarized as follows


In relation to the government it


- provides a source of revenue;


- acts as a tax collection agent;


- has a significant role in implementing government microeconomic, trade and wages policies;


- provides goods and services to the government;


In relation to the consumer it;


- provides a range of goods and services;


- informs the consumer of what is available in term of quality and quantity of goods and services;


In relations to the worker it;


- provides the worker with an income and career;


- Provides an environment for workers to achieve personal growth and development.


In relations to the owner it;


- represents a means of accumulating wealth via profit;


- Provides fulfillment of personal goals.


In the relations to other businesses it;


- provides competition and complements others businesses;


- undertakes research and development through the impetus of competition;


- Becomes a source of innovation.


Small business in the Australia Economic


Make an extremely important contribution to the Australia Economic.


Contribution to Gross Domestic Product ( GDP )


Small business makes a large contribution to our GDP. The ABS survey revealed that in the December Quarter of 11, private sector small business generated 51% of gross earning (income). This would indicate that over 50% of Australia GDP is being generated by small business. Further estimates reveal that the non-agricultural small business sector, on its own, accounted for about 0% of GDP.


Contribution to employment


Small business makes a large contribution to employment. About 5% of all business in Australia can be classified as small business, and these businesses employ just over 5% of all private sector workers (include the self employed).


profile


Reference


- Fearns Peter. (001). Business studies. England Transet Limited.


- Wessels Walter J. (000). Economics. New York Hauppauge.


- Collier Barry. (18). Introducing Economics. Auckland Jacaranda.





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