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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

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