balance sheet and profit and loss statement
Back to Top

balance sheet and profit and loss statement

Central bankers must learn to speak in colloquial language From the end of the 19th century to the early 20th century, car designers focused their energies on the development and innovation of mechanical engineering. First half of the 20th century, all about the basic structure of the car has been invented, automotive designers begin from the outside to improve on modelling, and successively introduced the aerodynamics, fluid mechanics, human body engineering and industrial modelling design (industrial aesthetics), etc The level of productivity of society determines the organizational form of social basic economic units. Enterprise is the result of the development of social productive forces to a certain level, which is the product of commodity production and exchange of goods. Adam Smith began as a logical starting point for "the personal gratification of the activity of personal gratification," and the market was "laissez-faire". The activities of the government completely unable to intervene in the pursuit of personal wealth, also don't have to worry about the laissez-faire altogether will create chaos, "an invisible hand" will be taking the laissez-faire personal economic activities arranged in perfect order. In other words, Adam Smith's market concept focuses on limiting government interference in individual economic activities. The wealth of nations also spends a considerable amount of time attacking the mercantilist policies that interfere with individual economic activity and limit individual economic power (property rights). Later classical economists stuck to their laissez-faire views. In the 18th century, the western countries successively carried out the industrial revolution, the universal adoption of large machinery, laid the foundation for the establishment of factory system. In 1771, British man Richard arkwright1732-1792 founded the first cotton-yarn factory in the city of kron. In the 1930s and 1940s, the factory system was established in Britain, Germany and other countries. The main sex of factory system is: to carry out large-scale intensive labor; Using big machine to improve efficiency production; Implement the employment system; The division of labor is deepening and production is socialized. The establishment of factory system marks the real birth of enterprises. Frances O’Grady, the TUC general secretary, said: “Two people working next to each other, doing the same job, should get the same pay rates. But too often agency workers are treated like second-class citizens.