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Finance | economics | Britannica

Finance, the process of raising funds or capital for any kind of expenditure. Consumers, business firms, and governments often do not have the funds available to make expenditures, pay their debts, or complete other transactions and must borrow or sell equity to obtain the money they need to conduct their operations. Savers and investors, on the other hand, accumulate funds which could earn interest or dividends if put to productive use. These savings may

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Marketing | business | Britannica

Marketing, the sum of activities involved in directing the flow of goods and services from producers to consumers.

Marketing’s principal function is to promote and facilitate exchange. Through marketing, individuals and groups obtain what they need and want by exchanging products and services with other parties. Such a process can occur only when there are at least two parties, each of whom has something to offer. In addition, exchange cannot occur unless the parties

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Insurance | Britannica

Insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk. Its primary function is to substitute certainty for uncertainty as regards the economic cost of loss-producing events.

Insurance relies heavily on the “law

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Entrepreneur | business | Britannica

Entrepreneur | business | Britannica

business

Learn about this topic in these articles:

economic growth

  • John Maynard Keynes

    In economic growth: Entrepreneurship

    This historical fact points to an element that has received little attention so far: the influence of entrepreneurship. If the allocation of resources changes during the course of growth and development, it does so under the leadership of an entrepreneurial class. The quality of…

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  • John Maynard Keynes

    In economic growth: Role of the entrepreneur

    Modern growth theory

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