Economics is :
- A science of production, contribution and the use of wealth, goods, and services.
- The process of a making activity.
- The study of the main kind of the ordinary business of life.
Economist is a person trained or skilled in economics.
British : annual general meeting AGM
America : annual meeting of stockholders
British : extraordinary general meeting EGM
America : special meeting.
Accounting Policies and Standard
British : stock take
America : count of the inventory
Vocabulary
British : note or banknote ; America : bill.
British : social security ; America : welfare.
British : flat ; America : apartment.
British : chairman ; America : president.
British : managing director ; America : chief executive officer.
British : articles of association ; America : bylaws.
British : memorandum of association ; America : certificate of incorporation.
British : depreciation ; America : depreciation, amortization.
British : a true and fair view ; America : a fair presentation.
Glossarium for synonim word
Aim = objective = purpose.
Liable = responsible.
Profit = dividen.
Trader = businessman.
Trade = business.
Company = enterprise.
Stakeholder = shareholder.
Register = list
Turnover = sales revenue
gross profit = sales revenue – cost of sales
net profit = gross profit – (admin expenses + tax)
