Ilmenau, Germany

Business and Economics

Wirtschaftswissenschaften

Language: German Studies in German
Subject area: economy and administration
University website: www.tu-ilmenau.de
degree: Dr. iur.
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.
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Business
[A Jew] should make Torah his principal occupation and his work his casual one. He should minimize his business pursuits and occupy himself with Torah. And he should remove fleeting pleasures from his heart, and work each day enough to maintain himself. ... The rest of the day and night, he should occupy himself with Torah.
Rema, Shulchan Arukh, Yoreh De'a, 246:21, in "Separation from the Worldly (Perishut)"
Business
What I must understand is why someone will continue to get out of bed in the morning once they have all the money they could want. Do they love the business, or do they love the money?
Warren Buffett, 'The Warren Buffett You Don't Know', Business Week article, 5 July 1999.
Business
However successful a man may be in his own business, if he turns from that and engages ill a business which he don't understand, he is like Samson when shorn of his locks his strength has departed, and he becomes like other men.
P. T. Barnum, 'Beware of Outside Operations', The Art of Money Getting (1880).
Increasing the thermal efficiency of fossil power plants is a promising way to decrease fuel consumption and emissions and minimise global climate change. A new steel alloy promises to do just that for major global benefits.
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