Bank and banking

A bank is a company that works with the money that the people give it. If you give your money to a bank, it not only protects it but pays you interest so that it can work with the money. This is one of the reasons why people save their money in a bank. Money may also be safer there than at home.

Banks also lend money to other businesses and customers. They collect extra money called banking fees with which they pay interest to savers as well as salaries for their workers. Banks make a profit because they collect more interest than they pay to savers.

Without banks the world’s economy would not be able to grow. Investors would not find the money they need for new projects. Industries could not buy new machines and modern technology.

Banks provide their customers with a number of services. With a checking account you can pay your bills.

Commercial banks are the most important banks. They offer many services, different forms of accounts and also loans.

Investment banks do not take or keep the money of individuals. They help organizations and large companies raise money on the international financial markets.

Central banks manage the banking system in a country. The Federal Reserve in the United States and Bank of England are two prominent banks that take over these tasks. The European Central Bank is responsible for the circulation of money in the Euro zone.

Online banks can often give their customers more interest because they do not have the expenses that physical banks do. They can be accessed over the internet and are becoming more and more popular.

Development banks are financial organizations that help Third World Countries. They not only provide money for nations in Africa, Asia and South America, but also send aid workers and offer technical help.

What is business?

Business is a word that is commonly used in many different languages.But exactly what does it mean?The concepts and activities of business have increased in modern times.Traditionally, business simply meant exchange or trade for things people wanted or needed.Today it has a more technical definition.One definition - of business is the production, distribution and sale of goods and services for a profit.To examine this definition, we will look at its various parts.
First, production is the creation of the changing of materials into products.One example is the conversion of iron into metal car parts.Next, these products need to be moved from the factory to the marketplace.This is known as distribution.A car might be moved from a factory in Detroit to a car dealership in Miami.
Business, then, is a combination of all these activities production, distribution and sale.
However, there is one other important factor.This factor is the creation of profit or economic surplus.
A major goal in the functioning of a business company is making a profit.Profit is the money that remains after all the expenses are paid.Creating an economic surplus or profit is, therefore, a Primary goal of business activity.

Capitalism

Capitalism is an economic system in which private people, not the government, own and run companies. These companies compete with other companies for business. They decide what products they want to produce, how much they should cost and where to sell them. Companies do all these things in order to make profits for their owners. People who use their money to start companies or run companies are called capitalists.

In a capitalist system private households need goods. They buy these goods from the income that they have. Some households have more income than others. Sometimes only one member of a household has a job, at other times both husband and wife go to work. Then they have more money to buy goods. This is the demand side of the economy.

On the other side companies and businesses offer private households goods and services. They produce the goods that they think consumers will want to buy. To do this they need workers to produce these goods and services. This is the supply side of the economy.

Capitalism has existed since ancient times. But it became important in the 15th and 16th centuries with the growth of trade, industry and banking. Until the 1700s governments encouraged their population to make more money by selling goods to other countries. Imported goods were made more expensive so that countries could sell their own products. This became known as mercantilism.

In the middle of the 19 th century socialism became popular. The German Karl Marx suggested that the government should take over and control the economy. It should own all the land, the factories and companies. In a socialist economy the government tries to spread money evenly among the workers. Many countries followed these socialist ideas, which later on led to Communism.

Astana Beijing Find new Fields for…

Our President Nursultan Nazarbayev visit China to sign important documents to improve the Kazakh-Chinese relations. A number of significant documents were signed by both leaders. These included a memorandum on the construction of the Astana-Almaty railway, an agreement on transfer of sentenced people, and others.

President of China Hu Jintao said that our president first foreign leader which visit the China after traditional Spring Festival. He mentioned that this visit will give new vitality and energy to the development of the Chinese-Kazakh relations...

President Nazarbayev, stressed that "trust and friendship" between the two countries "is strengthening every year" and that "Kazakhstan and China have similar views on international policies".

As part of the visit programme was a presentation of the project construction Astana-Almaty railway. According to Chinese calculations, the total length of the construction will be 1,050 km. The length of the contact network will reach 2,730 km. This will reduce the travel time by up to four hours and reduce the time distance between Astana and Almaty. The project was jointly developed by the Kazakhstan national company Kazakhstan Temir Zholy and China’s Ministry of railways. After the project presentation, the Kazakh delegation, including senior officials and leading business people met with representatives of the China’s business circles. In his speech, Nazarbayev stressed that Kazakhstan and China have strong trade relations.

Kazakhstan has signed an agreement with Chinese companies to supply 55 thousand tonnes of uranium.

Kazakhstan wants to become a transport bridge between China and the EU. The Kazakh leader used this opportunity to invite Chinese businesses and investors to Kazakhstan. He said that this meetings will be the strengthening of integration and economic processes between the two countries.

Дата добавления: 2015-10-29