Summary
Economics and business environment Summary
- Course
- Institution
- Book
Summary of the book 'economics and business environment' by Hulleman and Marijs (2012).
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
7 reviews
By: faracolina • 3 year ago
By: samihaalabri • 5 year ago
By: evelinehelenavandam • 6 year ago
By: Hassinaboufatit • 6 year ago
By: aanl93 • 7 year ago
By: jaronslagter • 7 year ago
By: rubenvho • 7 year ago
Copy and pasted parts of the original book, text is to large to be a good summary.
By: deborah748 • 7 year ago
Reply deleted by the user
Seller
Follow
deborah748
Reviews received
Content preview
InhoudEconomics .......................................................................................................................................................................... 2
1. Economics and the business environment ............................................................................................................ 2
3. Competition ........................................................................................................................................................... 4
4. Producing ............................................................................................................................................................. 14
5. Expenditure .......................................................................................................................................................... 22
6. Business cycle ...................................................................................................................................................... 26
8. Money and capital markets ..................................................................................................................................... 30
9. International economic relations ............................................................................................................................ 38
10. The foreign exchange market. ............................................................................................................................... 48
, Economics
1. Economics and the business environment
The ready availability of goods and services to fulfil needs is termed prosperity.
Human needs are virtually unlimited, while production is limited by the availability of resources like land labour, and
capital.
The excess of human needs over what can be produced is termed scarcity.
Economic activity occurs when people (consumers, managers) make choices to maximise their prosperity using
scarce resources. (= the quest for maximum prosperity using limited sources)
The science of economics is concerned with the study of economic activity. The field is so complex that is has had to
be divided up into several sub disciplines; those that study the internal process within companies (such as financial
accounting, management accounting) and those that study the relationship with the environment or the
environment itself (such as marketing and macroeconomics).
Economics:
- Industry analysis (MESO) the study of the characteristics of markets and business sectors that companies come into
contact with, the supply and demand of goods and the changes that occur in supply and demand when prices
change.
- Macroeconomics; deals with economic activities at a national level, such as the total consumption, all company
investments, company imports and exports and the government of that country.
- Monetary economics; concerned with the phenomenon of money and the role that banks play in the economy.
- International economic relations; the study of the international trade between countries, international capital flows
and monetary relations between countries.
- Micro economics
European union (EU-27)
The term business environment covers all the changes in the environment of a business that can have an effect on
the company results.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller deborah748. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.34. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62491 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now