anglais
what is commerce
Sale and distribution of goods and services + involves activities like banking and transports
what is trade
Commercial activity of buying or selling goods and services
Home trade
The products are sold and bought inside the country
Foreing trade
the products are sold and bought in different countries
Import
When rhe product is bought from a foreign seller
Export
When the product is sold to a foreign buyer
Primary sector
Involves the extractiom and production of the natural ressources of the earth
Secondary sector
Process of the natural ressources to make a finished product
tertiary sector
Provides services to consumers and other businesses
whats the main objective of bussiness activity
Businesses exist to indentify peoples needs and want's to make goods and services for consumers
What's the difference beetwen trade and commerce
Trade is a commercial activity of buying and selling goods and services and commerce is a distribution of them
how can trade be divided
Home trade and foreign trade
what activities can be divided in foreign trade
Import and export
commanded economy
economy is controlled by the governement and they decide what to product, how it's made and who should get them
free market economy
economy is controlled by demands of costumers.
What should be produced and in wich quantity
mixed economy
Private companies are free owned and control some industries
Governments provides services such as public trasports, education and healthcare
The world trade organization WTO
Helps promote free trade, abolish import tariffs and other barriers to open markets
International monetary fund IMF
Promotes monetary cooperation and economic growth
Secure financial stability and provides tempory financial assistance
World bank Wb
Provides financial and technical assitance to develloping countries for development programs
foreign trade control
Governments can implement protection policies to protect industries against foreign competition
What are the 3 basic economic questions
What, whom,how to produce
whats the difference beetwen mature and emerging markets
Mature markets= a research of equilibrium and it markets by a balance of demands
Emerging markets= Economy that is progressing towards becoming more advanced
What are the main organizations
The world trade organization: Helps promote free trade and barriers to open market
The international monetary fund: Promoting monetary cooperation and economic growth
The world bank : Provides financial and tecnical assistance to developing countries
What's protectionism
Applying tarrifs on imported goods
What's e-commerce
Companies that only operate online
Brick and mortar companies
Traditional retail shop (like baker)
Click and mortar companies
tradinal store+website (like clothes shop)
Dotcom companies
Business that only operate online (like amazon)
What is production
The business activity of using resources such as raw materials,equipments,building and staff to make goods and services
Business
Any organisation that makes goods or provides services
Goods
Physical products such as food, clothes and cars
Services
Non physical products such as education , healthcare
(Actions that people reform to serve other people)
Needs
Things that are essential for survival
(food)
Wants
Things we would like to have that are not essential
Factors of production
Land: Natural resources- land or climate
Capital: The equipment,materials and buildings that helps production
Enterprise:Enterpreuneurs invest money and organize production
Labour: Human effort (mano d'opera)
How are services different to goods
Services aren't a physical product while goods are
What are 5 basic needs
Food, water, housing,clothes,warmth
What's economy
Economy is a way of society to organize itself in the production of goods and services in the right quantity to satisfy people, businesses and governments
Shares
azioni
Sole traders
ditta individuale
Unlimited partnership
Responsabilita limitata
The owner
L'imprenditore/propriotario
To share the work load
Spartire il lavoro
A partnership
Società di almeno 2 persone
Unlimited partnership
soci accomandatari
Sleeping partners
Soggetto dormente
Share holders
azionisti
Private limited companies
Società di capitali limitati privati
co-operatives
cooperativa
Bankrupt
Bancarotta
Limited partnership
società a responsabilità limitata
how do businesses grow
Most businesses expand trought international growth or external it can happen in number of ways
Mergers
When two businesses usually of similar size agree to join togheter
take overs
When a business buys another
Acquisition
When a company buys a part of another company some acquisitons are takeovers
Joint ventures
Business created by two or more companies for a new project
Horizontal integration
2 businesses wich make the same products at the same stage in the chain of production merge
Congenerate merger
2 businesses who have completly different activities join togheter
Bear stocks
a trader or investor who consistently believes the market or a particular stock is headed downwards
bull stock
bull market is when stock prices are on the rise and economically sound
franchizing
a business whereby the owner licenses its operations— along with its products, branding, and knowledge—in exchange for a franchise fee