My Personal Business Blog
Welcome to my blog. Subscribe and get my latest blog post in your inbox.
A positive difference between total income (which includes proceeds from the sale of goods and services, received fines and compensations, interest income, etc.) and the costs of production or acquisition, storage, transportation, marketing of these goods and services. Profit \= Revenue - Costs (in monetary terms). If the result is negative, it is called a loss. ContentRead more →
An independent activity carried out at one's own risk, aimed at systematically obtaining profit from the possession of property, the sale of goods, the performance of work or the provision of services. In the West, an entrepreneur is usually seen as an innovator, a source of new ideas, goods, services and business/or procedures. This is a person who is willing and able to turn a new idea or invention into a successful innovation and uses their time, energy and resources to create value for others.Read more →
An economic system based on the principles of entrepreneurship, a variety of forms of ownership of the means of production, free market pricing, contractual relations between business entities with minimal state economic intervention in economic activity and state regulation of the economy.Read more →
These are relations based on an agreement between an employee and an employer on the personal performance by an employee of a labor function (work by position, profession or specialty, or a specific type of work entrusted to him) for wages. An employee who has entered into an employment relationship is obliged to comply with the internal labor regulations, and the employer is obliged to provide him with working conditions in accordance with the law, a collective or individual labor contractRead more →