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The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. This chart is from 2017 statistics.

Fish for sale in Dhaka, Bangladesh, with a price tag of 395 Bangladeshi taka per kilogram.

Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).^{[need quotation to verify]} It is also "any activity or enterprise entered into for profit."

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner. (Full article...)

Economics (/ˌɛkəˈnɒmɪks, ˌiːkə-/) is the social science that studies the production, distribution, and consumption of goods and services.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics is a field which analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. (Full article...)

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The Mark of Excellence is the original name of the logo of the General Motors Corporation.

The General Motors Company (GM) is an American multinational automotive manufacturing corporation headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years, until losing the top spot to Toyota.

General Motors operates manufacturing plants in 8 countries. Its four core automobile brands are Chevrolet, Buick, GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX via joint ventures. BrightDrop is the company's delivery-focused service. GM Defense produces military vehicles for the U.S. Department of Defense and the Department of State. OnStar provides vehicle safety, security and information services. ACDelco is the company's auto parts division. The company provides financing via GM Financial. The company is developing self-driving cars through its majority ownership in Cruise LLC.

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Schooner attacking a merchant ship

Photo credit: Caciss

Seaborne piracy has been affecting trade since the 13th century BC. Seaborne piracy against transport vessels remains a significant issue, with estimated worldwide losses of US $13 to $16 billion per year.

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The economy of Iran is a mixed economy with a large state-owned sector and is the largest in the Middle East in terms of nominal GDP. It is the world's 23rd largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange. The stock exchange has been one of the best performing exchanges in the world over the past decade. With 10% of the world's proven oil reserves and 15% of its gas reserves, Iran is considered an "energy superpower". (Full article...)

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The attempt which extreme radicals all over the world are making to get control of both the political and business systems on the theory that they would make the industrial and business system serve the community, is a real danger so long as our present system does not accomplish that end; and this danger is real irrespective of the fact that they have as yet nowhere proved their case.

Is it possible to make our present system accomplish this end! If so, there is no excuse for such a change as they advocate, for the great industrial and business system on which our modem civilization depends is essentially sound at bottom, having grown up because of the service it rendered. Not until it realized the enormous power it had acquired through making itself indispensable to the community did it go astray by making the community serve it. It then ceased to render service democratically, but demanded autocratically that its will be done. It made tools and weapons of cities, states, and empires. Then came the great catastrophe.

In order to resume our advance toward the development of an unconquerable democratic civilization, we must purge our economic system of all autocratic practices of whatever kind, and return to the democratic principle of rendering service, which was the basis of its wonderful growth.

Unless within a short time we can accomplish this result, there is apparently nothing to prevent our following Europe into the economic confusion and welter which seem to threaten the very existence of its civilization.

—Henry Gantt, Organizing for Work, 1919

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Did you know (auto-generated) - load new batch

... that KILO's broadcast license allowed the University of North Dakota to get out of the commercial broadcasting business?
... that after his father was murdered, Samuel Street Jr. lived with his uncle, Samuel Street, and they were both businessmen in the Niagara region?
... that the New York and Long Island Coignet Stone Company went out of business less than a decade after completing its headquarters building?
... that the 2007 Heineken Cup Final was the last rugby union match for coach Pat Howard before he returned to Australia to take over the family pharmacy business?
... that the 1989 manga Sweet Spot by Yutsuko Chūsonji originated the slang term oyaji gal, used to describe young businesswomen who have the interests and hobbies of middle-aged businessmen?
... that when Riot Games approached investors to fund the development of League of Legends, publishers were baffled by the game's free-to-play business model?

On this day in business history

June 25:

1981 - Microsoft is restructured to become an incorporated business in its home state of Washington.

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General images

The following are images from various business-related articles on Wikipedia.

Image 1Time required to start a business in 2017 (from Business)
Image 2Fish for sale in Dhaka, Bangladesh, with a price tag of 395 Bangladeshi taka per kilogram. (from Business)
Image 3Offices in the Los Angeles Downtown Financial District (from Business)
Image 4A beach salesman showing necklaces to a tourist in Mexico (from Sales)
Image 5Apple co-founder and longtime leader Steve Jobs (pictured in 2010) led the introduction of many innovations in the computer, smartphone and digital music industries (from Entrepreneurship)
Image 6Dell Women's Entrepreneur Network event in New York City (from Entrepreneurship)
Image 7Replica of an East Indiaman of the Dutch East India Company (VOC) (from Corporation)
Image 8Chart of the South Sea Company's stock prices. The rapid inflation of the stock value in the 1710s led to the Bubble Act 1720, which restricted the establishment of companies without a royal charter. (from Corporation)
Image 9A vegetable seller in a rural Sri Lankan village (from Sales)
Image 10A Hollister Co. store in Leeds, England; the clothing retailing is a prominent sales market (from Sales)
Image 1117th-century Walloon-Dutch-Swedish businessman Louis De Geer (1587–1652) was a pioneering entrepreneur and industrialist at the dawn of modern capitalism. (from Entrepreneurship)
Image 12"Jack and the Giant Joint-Stock", a cartoon in Town Talk (1858) satirizing the 'monster' joint-stock economy that came into being after the Joint Stock Companies Act 1844. (from Corporation)
Image 13Malala Yousafzai, a Pakistani activist, social entrepreneur and youngest-ever Nobel Peace Prize winner (from Entrepreneurship)
Image 14McDonald's Corporation is one of the most recognizable corporations in the world. (from Corporation)
Image 15A bond issued by the Dutch East India Company (VOC), dating from 1623, for the amount of 2,400 florins (from Corporation)
Image 16Mexican Stock Exchange in Paseo de la Reforma, Mexico City (from Business)
Image 171/8 share of the Stora Kopparberg mine, dated June 16, 1288. (from Corporation)
Image 18Student organizers from the Green Club at Newcomb College Institute formed a social entrepreneurship organization in 2010. (from Entrepreneurship)
Image 19Emil Jellinek-Mercedes (1853–1918), here at the steering wheel of his Phoenix Double-Phaeton, was a European entrepreneur who helped design the first modern car (from Entrepreneurship)
Image 20Lindley LJ was the leading expert on partnerships and company law in the Salomon v. Salomon & Co. case. The landmark case confirmed the distinct corporate identity of the company. (from Corporation)
Image 21In 2012, Ambassador-at-Large for Global Women's Issues Melanne Verveer greets participants in an African Women's Entrepreneurship Program at the State Department in Washington, D.C. (from Entrepreneurship)

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More did you know

...that former Harvard University president Lawrence Summers served as the World Bank Chief Economist from 1991 to 1993?

...that André Meyer quit school at age 16 to work as a messenger boy, and was later described as "the most creative financial genius of our time in the investment banking world" by David Rockefeller?

...that Valrhona, a company based in the small town of Tain l'Hermitage in the Rhône Valley in France, is one of the world's leading manufacturers of high-quality chocolate?

...that it is estimated that more than 85 percent of all business information exists as unstructured data, commonly appearing in e-mails, memos, reports, letters, presentations and Web pages?

... that the Automotive Electronics Council is an organisation based in the USA that sets qualification standards for the supply of components in the automotive electronics industry.

... that Hollywood accounting is the practice of distributing the profit earned by a large project to corporate entities which, though distinct from the one responsible for the project itself, are typically owned by the same people, with the net result of reducing the project's profit by a substantial margin, sometimes even eliminating it altogether.