Business

The subject of this page is business enterprise system and how it is organized and managed that is what I want to say is nature of business . This page also deals with the factors which sway the operation of the enterprise as an efficient and progressive worry. An enterprise is also predisposed, directly and indirectly, by its environment, for it cannot role in segregation, directly and indirectly, by its environment, for it cannot function in isolation. There are though many forms of enterprise and economics behavior are performed by sole traders, partnership, incorporated companies and cooperatives.  

Economic Activities: Man is a wanting being, he always wants and wants more. The journey of an individual’s through life can acquire almost countless number of paths, yet at every point in the journey-infancy to old age – each individual seeks to fulfill his unique set of needs and wants. Many of these desires, such as the biological drives and the character for at the bottom of life are inherent there are others which are ever increasing. Man, must work and work to satisfy these wants through the use of scarce resources of production. Economics activities of man, therefore, deal with business of living and making a living. To make a living every person follows a profession according to his inking and training. He may follow a profession or seek employment or set up a trade which may be prepared on private level or may be conducted through a joint stock company. A brief explanation of each type of human profession is in point.

Professions: By occupation is preordained an occupation which render specialized expert and own service.  Lawyer, a doctor, a charted accountant or an engineer renders expert services in finicky of his fields in proceeds for compensation. For example:  a doctor provides health services by preventing illness from arising and by treating when it has arisen. A doctors or lawyers vocation is just and essentially of personal character. He comes into own and intimate convention with his patient or client and uses his proficient knowledge to agreement with his patients or clients troubles has to be an expert knowledge to deal with his patients or clients problems. Since doctors or a lawyer or any other practitioner of a profession has to be an expert in his own special activity, he must possess the minimum academic and other experience prescribed by law before he can practice his profession.