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The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. This chart is from 2017 statistics.
Small business vendors at a public market

Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."

A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. (Full article...)

Economics (/ˌɛkəˈnɒmɪks, ˌkə-/) is a social science that studies the production, distribution, and consumption of goods and services.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as the basic elements of economies, including individual agents and markets, their interactions, and the outcomes of those interactions. Individual agents may include households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and investment expenditure interact; and the factors of production affecting them, such as: labour, capital, land, and enterprise, inflation, economic growth, and public policies that impact these elements. It also seeks to analyse and describe the global economy. (Full article...)

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The Mark of Excellence is the original name of the logo of the General Motors Corporation.

General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the title to Toyota in 2008.

General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and Wuling via SAIC-GM-Wuling Automobile. GM further owns a namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information services provider OnStar, the auto parts company ACDelco, and a namesake financial lending service.

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Vegetable and Fruit Market of Layyah at twilight.
Photo credit: Genghiskhanviet

A farmers' market (also farmers market) is a physical retail market featuring foods sold directly by farmers to consumers. Farmers' markets typically consist of booths, tables or stands, outdoors or indoors, where farmers sell fruits, vegetables, meats, and sometimes prepared foods and beverages. They are distinguished from public markets, which are generally housed in permanent structures, open year-round, and offer a variety of non-farmer/producer vendors, packaged foods and non-food products.

Selected economy

The economy of Hungary is a developing, high-income mixed economy that is the 53rd-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has a very high human development index and a skilled labour force, with the 22nd lowest income inequality by Gini index in the world. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% overall taxation, which funds the country's welfare economy. On the expenditure side, household consumption is the main component of GDP and accounts for 50% of its total, followed by gross fixed capital formation with 22% and government expenditure with 20%. (Full article...)

Selected quote

The differential rate system of piece-work consists briefly, in offering two different rates for the same job, a high price per piece in case the work is finished in the shortest possible time and in perfect condition, and a low price if it takes a longer time to do the job, of if there are any imperfections in the work. (The high rate should be such that the workman can earn more per day than is usually paid in similar establishments.) This is directly the opposite of the ordinary plan of piece-work in which the wages of the workmen are reduced when they increase their productivity.

Frederick Winslow Taylor, Piece-Rate System, 1896

Topics


  • ... that Bill Post helped invent the Pop-Tart?
  • ... that Bill Chisholm's announced $6.1 billion purchase of the Boston Celtics is the largest amount ever paid for a North American sports team?
  • ... that archaeologist Arne Furumark intended to follow a career in business until he visited the British Museum as a teenager?
  • ... that Billy Gallagher's Times Square cabaret was open from sundown to dawn, with a mix of "reputable people" and those "who had practical reasons for circulating after dark"?
  • ... that the New York Stock Exchange Safe Deposit Company conducted its business in a basement?
  • ... that new employees of a business headquartered in the Editors Building chose their office decorations from a 7,000-piece collection of historic memorabilia of Washington, D.C.?

On this day in business history

June 28:

General images

The following are images from various business-related articles on Wikipedia.

More did you know

  • ...that the melting and export of cents and nickels can be punished with a fine of up to $10,000 and/or imprisoned for a maximum of five years?
  • ... that the GDP deflator (implicit price deflator for GDP) is a price index measuring changes in prices of all new, domestically produced, final goods and services in an economy.

Business news

27 June 2026 – 2026 Venezuela earthquakes
The United Nations estimates that the earthquakes caused approximately US$6.7 billion in direct physical damage, equivalent to about 6% of Venezuela's gross domestic product. (AFP via TRT World)
25 June 2026 – Economic impact of the 2026 Iran war
Economy of the United States
22 June 2026 – China–United States relations
China imposes export controls on 10 U.S. companies and bars government procurement from 46 others in response to a U.S. blacklist targeting Chinese firms. The measures take effect immediately. (AFP via Daily Tribune)
22 June 2026 – Koldo Case
A Spanish court sentences former transport minister José Luis Ábalos to 24 years in prison for taking bribes in connection with public contracts for face masks during the COVID-19 pandemic. His advisor Koldo García is sentenced to 19 years and businessman Víctor de Aldama to four and a half years. (The Guardian)
18 June 2026 –
The National Nutrition Agency of Indonesia suspends its free meal programme during public holidays, citing efficiency and programme review measures. The policy is expected to reduce spending as the government seeks to address budget pressures and economic challenges. (AFP via New Straits Times)
16 June 2026 –
One person is killed and at least five others are injured when a NetJets-operated Cessna Citation Latitude business jet, with a San José del CaboAustin route, catches fire after crashing on Loop 20 highway in Laredo, Texas, United States. (CNN)

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