1. Activities)
Business"
Busy , , ,

2. Business)
Consumption)
Commerces) / Business

3. Activities)
Business Goals)
2
1. Profit Earning)
2. Social Prestige)
Public Utilities)
Public Services)

4. Key
Participants) 4
1. Entrepreneur)
Risk)
High Risk, High Returns
2. Creditors)

5. 3. Employees)
(
Chief Executive Officer : CEO)
CEO
4. Customers)
Customers is the King)
2
1.

6. 2.
Capitalism)
Free - Enterprise)
Private
Enterprise)
Mixed
Economy)
1. Right to Property
Ownership)
2. Profit
Incentive)
3.
Opportunity to Compete)
4. Freedom
of Choice and Contract)

7. Factor of Production)
3 Inputs) ,
Process) Outputs)
Production)
Process) Inputs)
Outputs)
1. Natural Resources)
2. Labor)
3. Capital)
4. Entrepreneur)

8. Man) , Money) ,
Material) , Machine)
Information)
Economic System)
Economic Institution)
Economics)
4
1.
2.
3.
4.

9. 4
3
1. Capitalism)
2.
Socialism) Communism)
3. Mixed Economy)
Capitalism)

10. 1.
Socialism)
2. Communism)

11. Mixed Economy)
Infrastructure)

12. Economic Growth)
Productivity)
Gross National Product
GNP)
1
GNP)
GNP GNP per Capita)
Gross Domestic Product GDP)
1
GDP GNP

13. GDP
Free - Market System)
4
1. Pure
Competition)
Ideal Market)
2. Monopolistic
Competition)
3. Oligopoly) 2

14. 4. Monopoly)
Business Function)
1. Organization and Management : O &
M)
Organization)
-
2
Management)
Planning) Organization)
Leading) Controlling)

15. 2. Production and Operations)
Conversion Process)
Input) Output)
3. Human Resources Management :
HRM)
4.
Marketing)
5. Accounting)

16. 6. Finance)
7. Information System : IS)
Management Information System :
MIS)
Business Life Cycle)
4
1.
Prosperity)
2. Recession)
3.
Depression)
4.

17. Recovery)
Feasible Profit
Four Tigers (4 4
Newly
Industrial Countries : NIC) South Korea) ,
Taiwan) , Hong Kong) Singapore)