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The length of a business cycle is the period of time containing a single boom and contraction in sequence. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms) and periods of relative stagnation or decline (contractions or recessions). business economics
In a slightly different sense, the term history refers not to an academic field but to the past itself or to individual texts about the past. History is a broad discipline encompassing many branches. Some focus on specific time periods, such as ancient history, while others concentrate on particular geographic regions, such as the history of ...
Francis Galton used the English term median for the first time in 1881 having earlier used the terms middle-most value in 1869 and the medium in 1880. [ 21 ] Adolphe Quetelet (1796–1874), another important founder of statistics, introduced the notion of the "average man" ( l'homme moyen ) as a means of understanding complex social phenomena ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The term "capitalist", meaning an owner of capital, appears earlier than the term "capitalism" and dates to the mid-17th century. "Capitalism" is derived from capital , which evolved from capitale , a late Latin word based on caput , meaning "head"—which is also the origin of " chattel " and " cattle " in the sense of movable property (only ...
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Etymology (/ ˌ ɛ t ɪ ˈ m ɒ l ə dʒ i / ET-im-OL-ə-jee [1]) is the study of the origin and evolution of words—including their constituent units of sound and meaning—across time. [2] In the 21st century a subfield within linguistics , etymology has become a more rigorously scientific study. [ 1 ]
Business history is a historiographical field which examines the history of firms, business methods, government regulation and the effects of business on society. It also includes biographies of individual firms, executives , and entrepreneurs .