|
FLOW: A variable or measurement that is defined for a period of time (as opposed to an instant in time). A flow can only be measured over a period. For example, GDP is the flow of production during a given year. Income is another flow measures important to the study of economics.
Visit the GLOSS*arama
|
|

|
|
                           COMPANY: An organization, usually consisting of more than one person, that combines resources for the production and supply of goods and services. The term company is generally used synonymously with other terms such as business, firm, and enterprise. If a distinction exists, company is used in reference to a group of people engaged in production (as opposed to a single person). Company is a generic term for an organization engaged in production. It is usually applied to a profit-seeking business firm involving a group of people. However, as a synonymous term for business, it is also used in reference to a proprietorship.A company provides the institutional structure used by entrepreneurship to organize the production. Entrepreneurship undertakes the risk of bringing together the other factors of production and engaging production. A company provides focus and often legal standing to this process. - The Wacky Willy Company is an one example of a company. This corporation was formed by William J. Wackowski, an aspiring entrepreneur who had the dream of putting a stuffed tarantula in every baby's crib. Mr. Wackowski (Wild Bill) formed The Wacky Willy Company to make this dream a reality. The Wacky Willy Company, is a relatively small operation, but it is the means used by Willy the Wackmeister to produce and distribute Stuffed Amigos, this company provides the mechanism he uses to combine labor, capital, and raw materials needed to produce Stuffed Amigos.
- Another example of a company is the partnership operated by Sean and Sally Schrumpmeyer, Attorneys at Law. Sean and Sally use the Schrumpmeyer partnership as a means of combining the resources needed to provide legal services. They combine their own legal labor resources together with other labor, land, and capital to represent the infamous and the innocent, the prosperous and the poor, the anonymous and the aristocratic.
 Recommended Citation:COMPANY, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: March 26, 2025]. Check Out These Related Terms... | | | | | | | | | | | | Or For A Little Background... | | | | | | | | And For Further Study... | | | | | | | | | Related Websites (Will Open in New Window)... | | | |
Search Again?
Back to the WEB*pedia
|


|
|
BLUE PLACIDOLA [What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales trying to buy either a T-shirt commemorating the 2000 Presidential election or a really, really exciting, action-filled video game. Be on the lookout for cardboard boxes. Your Complete Scope
This isn't me! What am I?
|
|
Okun's Law posits that the unemployment rate increases by 1% for every 2% gap between real GDP and full-employment real GDP.
|
|
"You are the only problem you will ever have and you are the only solution. Change is inevitable, personal growth is always a personal decision." -- Bob Proctor, Author and Speaker
|
|
JHR Journal of Human Resources
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|

|