Portal:Business and economics

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The Business and economics Portal

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In the social sciences, economics is the study of human choice behavior; in particular, though not limited to, how those choices determine production, distribution, and consumption of scarce resources. In other words, economics studies how individuals and societies seek to satisfy needs and wants through incentives, choices, and allocations. Alfred Marshall in the late 19th century informally described economics as "the study of man in the ordinary business of life."

The word "economics" is from the Greek words οἶκος [oikos], meaning "family, household, estate," and νόμος [nomos], or "custom, law," and hence literally means "household management" or "management of the state." An economist is a person using economic concepts and data in the course of employment, or someone who has earned a university degree in the subject.

The field may be divided in several different ways, most popularly microeconomics (at the level of individual choices) vs. macroeconomics (aggregate results), but also descriptive vs. normative, mainstream vs. heterodox, and by subfield. Economics has many direct applications in business, personal finance, and government. Theories and empirical techniques developed as a part of economics have, given that economics is fundamentally about human decision making, been applied to non-monetary choices in fields as diverse as criminal behavior, scientific research, death, politics, health, education, family, dating, etc.

In economics, business is the social science of managing people to organize and maintain collective productivity toward accomplishing particular creative and productive goals, usually to generate revenue.

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Business news

Wikinews Economy and business portal

• June 9: 2008 e21FORUM: Intel confronts Microsoft again
• June 8: ITRI to challenge the infrastructure of WiMAX on High Speed Rails of Taiwan
• June 7: Founder of UK sports car manufacturer TVR dies in Spain
• June 7: TEPCA protests the Taiwanese government on WiMAX in Taiwan
• June 7: Western Australian economy at crisis point say builders
• June 6: Dow plunges as oil prices break records
• June 6: Wikipedians support the Great Orchestra of Christmas Charity by bidding on Wikipedia DVDs
• June 4: Apache pipeline fire - Varanus Island, Western Australia
• June 4: Indian 'guru' faces charges of fraud, drugs and rape
• June 4: 2008 COMPUTEX Taipei starts with the future of "WING"

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Market indices

Data taken from Yahoo! Finance as of 20:20, 8 June 2008 (UTC)

Index (USA)	Last	Change
DJIA (USA)	12209.81	394.64
NYSE (USA)	9152.51	255.98
NASDAQ (USA)	2474.56	75.38
S&P 500 (USA)	1360.68	43.37
AMEX (USA)	2353.71	14.93
Index (World)	Last	Change
iBovespa (Brazil)	69785.797	1423.30
CAC 40 (France)	4795.32	111.74
DAX (Germany)	6803.81	138.02
Hang Seng (HK)	24402.18	146.89
BSE Sensex (India)	15572.18	0.00
Nikkei 225 (Japan)	14489.44	148.32
IPC (Mexico)	31149.061	0.00
FTSE (UK)	5906.80	0.00

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Did you know...

Portal:Business and economics/Did you know/June 2008

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Portal:Business and economics/Selected quote/June 2008

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Categories

Business: Accountancy · Actuarial science · Administration · Agent-owned companies · Businesspeople · Commerce · Companies · Consumer behaviour · Business continuity and disaster recovery · Corporate crime · Distribution, retailing, and wholesaling · Electronic commerce · Entrepreneurship · Business ethics · Family businesses · Fictional companies · Finance · Globalization · High-technology business districts · Industries · Industry · Information technology management · Insurance · Business intelligence · International business · International commerce terms · International trade · Labor · Business law · Business lists · Logistics · Management · Marketing · Media business · Mergers and acquisitions · Business models · Newspaper business · Occupations · Office work · Operations research · Outsourcing · Business opportunities · Business process · Business organizations · Business theory · Business timelines

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Economists: Economists by nationality · Austrian School economists · Classical economists · Economic historians · Freiburg School economists · Health economists · Marxist economists

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Business: Accountancy · Actuarial science · Administration · Businesspeople · Commerce · Companies · Consumer behaviour · Business continuity planning · Corporate crime · Electronic commerce · Entrepreneurship · Business ethics · Family business · Fictional companies · Finance · Globalization · Industries · Industry · Inflation · Information technology management · Insurance · Business intelligence · International business · International trade · Labor · Business law · Logistics · Management · Marketing · Mergers and acquisitions · Business models · Operations research · Business process · Business organizations · Retailing · Business leaders by year

Economics: Agricultural economics · Economic development · Economic growth · Economic history · Economic systems · Economist · Environmental economics · Financial economics · Industrial organization · International economics · Law and economics · Econometrics · Microeconomics · Economic policy · Political economy · Public economics · Resource economics · Economic schools of thought · Technological change

Lists: Accounting · Business ethics, political economy, and philosophy of business · Business law · Business theorists · Corporate leaders · Think tanks · Economists · Finance · Human resource management · Important publications · Information technology management · International trade · Management · Marketing · Occupations · Production

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Things you can do

WikiProject: Business & Economics Here are some business and economics related tasks you can do: Assess: Tennessee Coal, Iron and Railroad Company, Moshe Tery, Israel Securities Authority, Tel Aviv Stock Exchange, Requests: Abstract Fees, Business development company, IFRS for small and medium entities, More... NPOV: Economic interventionism, Energy economics, FTS, Rage Software Limited, More... Wikify: Agricultural productivity, Economy of GDR, Investment specific technological progress, Marketization, Mediobanca, More... Cleanup: Billpoint, Bank fraud, Economic nationalism, Financial adviser, Futures exchange, Gulf rupee, Pricing, Self insurance, Serfdom, Space elevator economics, Valuation, More... Merge: Business Analysis, Corporate performance management, Economic growth, Excess reserves, Liberian Companies, National Association of Insurance Commisioners, Permanent war economy, More... Expand: European Cooperative Society, Economy of Brazil, GCC, Insourcing, Clintonomics, Heavy industry, Planning Commission, FACT Act, Singapore television channels, Diversification (finance), Paul Tudor Jones, David Tepper, Toby Crabel, Larry Hite, Monroe Trout, Linda Bradford Raschke, Tom Basso, Brian Gelber More... Stubs: Bioeconomics, Debt compliance, Double auction, Kitchen sink regression, Single-entry accounting system, Workforce, War economy, More... Projects - Business & Economics, Companies, Deletion sorting, Game theory, Numismatics, Taxation, Portal, More... view • edit • discuss • history • watch

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