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Oldenburg, Germany

University of Oldenburg

Business and Economics

Wirtschaftswissenschaften

Language: German Studies in German

Subject area: economy and administration

University website: www.uni-oldenburg.de

degree: Dr. rer. pol.

Business

Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.

Wikipedia

Economics

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

Wikipedia

Economics

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).

Wikiquote

Economics

The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.

L.K. Samuels, In Defense of Chaos: The Chaology of Politics, Economics and Human Action, Cobden Press (2013) p. 16.

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Business

Business has to be fun. For too many people, it's "just a job."

Jack Welch (2001) Jack: Straight from the Gut Ch. 24.

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