Dictionary of Business

Business is the activity of making, buying, selling or supplying goods and services for money. It is the backbone of any society as the various activities of business cater to peoples demand for a variety of goods and services for satisfaction of their needs.

The world of business is varied and diverse. This Dictionary of Business provides a wealth of information about the major functional areas of business, namely accounting, economics, finance, information systems, law, management and commerce. It encompasses concepts, terms, applications, innovations and ideas that together constitute the various components of business. In addition, terminology relating to business theories, international monetary and welfare schemes, various business laws and acts and different abbreviations have also been included in it.

The Dictionary brings together a forbiddingly complex and astounding terminology that defines the world of buying and selling, trading and trucking, exporting and importingfrom the very beginning when the barter and exchange system was in vogueto the modern times marked by mans relentless quest for novel and precious goods and commodities. It provides a comprehensive vocabulary of terms used in business. All the entries have been judiciously selected, comprehensively dealt with and presented in a clear and explanatory style for easy comprehension by the readers.

It is an indispensible reference source for students, research scholars, academicians, professionals and executives in the field of business and commerce. Anyone seeking a better understanding of economics and business terminology will also find it interesting, informative and inculcating.