Understanding Business and Economy

By: Tom59 Tom59


Understanding Business and Economy
It is not possible to give simplistic definitions for ‘business’ and ‘economy’. Economy has to be understood as a group of activities that include everything from production of goods to consumption of goods or services by the end user. Business is one of the essential parts of economy.
We can trace back the acts of economy to the Stone Age era when we were still hunters and gatherers. In those times human race was moving around from place to place leading nomadic life, hunting animals and gathering food. As we can expect they did not have fixed meal timings as breakfast, lunch and dinner they had to consume whatever food they managed to gather whenever they gathered. They moved on from this stage and started growing food that they needed. During this stage they settled in a place rather than moving around because growing their own food demanded that they stayed in the same place to enjoy the fruits of their work. During this phase they also learnt to tame animals and domesticate them for milk and other products.
When the nomadic style of life changed to a more of a stable life, they were able to appreciate other things of life and it brought in a new perspective to human life. Since they were not moving around from place to place, they had lot of time to think about other things and moreover, their preoccupation with food and search for food disappeared. Now they became more socially conscious people they started improving their environment that they stayed in making it a better place for them to live. People also learnt new methods of producing and storing their food. They were able to produce more than what they wanted and they started exchanging the excess food they had for other things. This is how basically business and trading started.
Now business is no more a simple phenomenon, if you are a business owner in today’s environment, then there are too many factors that you need to be aware of and pay attention to. Most of the businesses have attained global status with the invention of the internet. It is possible to buy and sell products from any part of the world. So, most of the businesses today are forced to keep track of all the global happenings because today the success of one’s business is not limited just to local competition. Business owners are to be sensitive to so many other factors and make suitable changes to their approach and marketing strategies. In today’s economy, information is power, so you need to stay abreast with the latest happenings of the world. With the latest and the modern tools of communication it is very easy to keep track of all the news around the world and the latest happenings of the world. There are number of news sharing sites that bring all the news stories to your computer. In just few clicks you we have access to all the business news and world news almost instantly as they happen. One of the best sites for the latest business news and other general news that you can use is Javno.com/en.

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Tomislav is author of this article on Internet journalism. Find more information about Multimedia here.

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