Business and Economics

The field of study concerned with production, distibution, and consumption of goods and services

Definition

Business is an inclusive term but specifically designates the activities of those engaged in the purchase or sale of commodities or in related financial transactions.
Business. (2014). Merriam-Webster dictionary. Retrieved from http://www.britannica.com.proxy.devry.edu/bps/dictionary?query=business

Economics is the modern field of study concerned with production, distribution, and consumption of goods and services.
Economics. (2002). Greenwood encyclopedia of international relations. Retrieved from http://proxy.devry.edu/login?qurl=http%3A%2F%2Fsearch.credoreference.com.proxy.devry.edu%2Fcontent%2Fentry%2Fabcintrel%2Feconomics%2F0 

Keywords

business, business cycles, business enterprises, businessmen, capitalism, commerce, ecommerce, econometrics, economics, entrepreneurship, management, macroeconomics, microeconomics

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