Portal:Business

The economy of the Iroquois (also known as Haudenosaunee) historically was based on communal production and combined elements of both horticulture and hunter-gatherer systems. The tribes of the Iroquois Confederacy and other Northern Iroquoian-speaking peoples, including the Huron, had their traditional territory in what is now New York State and the southern areas bordering the Great Lakes.

The Iroquois peoples were predominantly agricultural, harvesting the "Three Sisters" commonly grown by Native American groups: maize, beans, and squash. They developed certain cultural customs. Among these developments were ideas concerning the nature and management of property. The Iroquois developed a system very different from the now-dominant Western variety. This system was characterized by such components as common ownership of land, division of labor by gender, and trade mostly based on gift economy.

Buenos Aires Central Business District

The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina is a developing country with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base.

Argentina benefits from rich natural resources. Argentina's economic performance has historically been very uneven, with high economic growth alternating with severe recessions, particularly since the late twentieth century. Income maldistribution and poverty have increased since this period. Early in the twentieth century, Argentina had one of the ten highest per capita GDP levels globally. It was on par with Canada and Australia, and had surpassed both France and Italy.

Argentina's currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar. As of that year, it is under a stand-by program from the International Monetary Fund. In 2019, the currency fell further by 25%. In 2020, it fell by 90%, in 2021, 68%, and a further 52% in 2022 (until July 20). (Full article...)

"The process chart is a record of present conditions. It presents, in simple, easily understood, compact form, data which must be collected and examined before any improvement in existing conditions and methods is undertaken. Even if existing conditions are apparently satisfactory, the chart is useful as presenting much information in condensed form.

The process chart serves as an indicator of profitable changes. It assists in preventing "inventing downward," and stimulates invention that is cumulative and of permanent value. It is not only the first step in visualizing the one best way to do work, but is useful in every stage of deriving it.

This paper presents established working data used successfully in numerous installations for many years."

—Frank Bunker Gilbreth, Sr. and Lillian Gilbreth, Process Charts, 1921

• ... that American lumber businessman and politician John Barber White funded a scholarship at Williams College in memory of his son?
• ... that Daniel Davis was the first person in the United States to work with gold and silver electroplating as a business?
• ... that after his father was murdered, Samuel Street Jr. lived with his uncle, Samuel Street, and they were both businessmen in the Niagara region?
• ... that the creator of Comic Sans also designed a levitating man in a business suit?
• ... that developmental economist Michael Lipton showed that poor farmers were more resource efficient than rich farmers?
• ... that according to Jimmy Carter, "more of [Georgia's] business was probably conducted in the Henry Grady than in the state capitol"?

October 28:

• 1955 - Bill Gates, American businessman, co-founder of Microsoft, was born on this day.

• ...that Gold Fixing is the procedure by which the price of gold is set on the London market by the five members of the London Bullion Market Association?

• ...that the Heroninos Archive contains examples of a complex and standardized system of accounting used in 3rd century Roman Egypt?

• ...that Jerry White, cofounder of the Landmine Survivors Network, delivered the 2005 commencement address at the University of Michigan's Ross School of Business?

• ...that the melting and export of cents and nickels can be punished with a fine of up to $10,000 and/or imprisoned for a maximum of five years?

• ...that the Vatican City, has an Automated teller machine (ATM) with instructions in Latin?

• ... that the GDP deflator (implicit price deflator for GDP) is a price index measuring changes in prices of all new, domestically produced, final goods and services in an economy.

• ... that Paul Krugman introduced returns to scale to the field of international trade, now referred to as new trade theory?