Hey Buddies,
Friends i am sharing with you an excellent ebook on BBA - Basics of Business Management in PDF format. This ebook is content rich for BBA or management students.I will later share the lecture notes on this subject.The modules in this book are as follows:
BBA - Basics of Business Management
An economic system is the system of production, distribution and consumption of goods and services of an economy. An economic system covers the economical elements and participants, private and public households as well as enterprises, and their control over production and consumption of goods. Apart from this, economic system evolves the economic relations. ie production, distribution and consumer process in and between the units. Finally the economic order develops by co-operating the elements and participants of the economic system. Economic system is a system which consists of those institutions which a given people or nation or group of nations has chosen or accepted as the means through which their resources are utilized for the satisfaction of human wants.
Business And Economic System
Business is viewed as an organized economic activity arising at the production and sale of goods and services needed by the individuals in a society. The business system cannot be studied without reference to the economic system in which it has to function. An economic system consists of the institutions through which economic resources are utilized for satisfying needs of individuals in a society. The basic questions that have to be answered by an economic system are:
Economic systems will answer these questions. Business activity and its organization will naturally depend upon the decisions made by the society on the above issues. The basic economic system fall under four categories; they are Capitalized or Free Market Economy Free market economic system or capitalist economic system is characterized by the following assumptions.
Friends i am sharing with you an excellent ebook on BBA - Basics of Business Management in PDF format. This ebook is content rich for BBA or management students.I will later share the lecture notes on this subject.The modules in this book are as follows:
BBA - Basics of Business Management
- ECONOMIC SYSTEM
- ROLE OF BUSINESS
- ENTREPRENEURSHIP
- CONCEPT AND DEFINITION
- MANPOWER TRAINING
An economic system is the system of production, distribution and consumption of goods and services of an economy. An economic system covers the economical elements and participants, private and public households as well as enterprises, and their control over production and consumption of goods. Apart from this, economic system evolves the economic relations. ie production, distribution and consumer process in and between the units. Finally the economic order develops by co-operating the elements and participants of the economic system. Economic system is a system which consists of those institutions which a given people or nation or group of nations has chosen or accepted as the means through which their resources are utilized for the satisfaction of human wants.
Business And Economic System
Business is viewed as an organized economic activity arising at the production and sale of goods and services needed by the individuals in a society. The business system cannot be studied without reference to the economic system in which it has to function. An economic system consists of the institutions through which economic resources are utilized for satisfying needs of individuals in a society. The basic questions that have to be answered by an economic system are:
- What commodities shall be produced and what quantities?
- How shall the goods be produced?
- For whom shall the goods be produced?
Economic systems will answer these questions. Business activity and its organization will naturally depend upon the decisions made by the society on the above issues. The basic economic system fall under four categories; they are Capitalized or Free Market Economy Free market economic system or capitalist economic system is characterized by the following assumptions.
- It is based on economic individualism
- Factors of production are privately owned
- Capital is privately owned and right to own and occupy private property
- Freedom of choice in respect of consumption, occupation, savings and investment
- Free market economy is not planned, controlled or regulated by the government
Content Syndicated from: BBA - Basics of Business Management lecture notes,ebook,pdf download
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