Business and Economics: Global Perspectives

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As a field of social science, economics deals with the study of production, consumption and distribution of various goods and services. It explores the workings of the economies around the world and studies the behavior and interaction of economic agents. Economics is broadly divided into two sub-fields: macroeconomics and microeconomics. The practice of earning money through selling, buying, or producing goods or services is termed as business. It can be classified into company, a cooperative, charter cooperation, partnership or sole proprietorship. Business is conducted in different sectors, such as agriculture, public services, real estate, entertainment, industrial manufacturing, transportation, etc. Economics plays a crucial role in the success of a business. This book is a valuable compilation of topics, ranging from the basic to the most complex research advancements in the fields of business and economics. Different approaches, evaluations, methodologies and advanced studies on these subjects have been included in it. Coherent flow of topics, student-friendly language and extensive use of examples make this book an invaluable source of knowledge.