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Business and Management

Bankruptcy – Definition, Types, Features & History

Bankruptcy is an economic situation in which a company, organization or an individual finds itself when, due to the inability to face its debts with the available resources, has to permanently cease its activity.

Which Country Is Best to Start a Business?

The term business comes from the Latin negotium, a word formed by nec and otium ("what is not leisure"). It is about the occupation, the work or the task that is carried out for profit. Among the most notorious debates within the economic world, it is worth highlighting the debate that faces those economists who are more in favor of a market economy, and other economists, who demonstrate less confidence in "the invisible hand" of Adam Smith and, therefore, they propose a planned economy model. A very widespread debate across the planet, which, to date, has not found a valid conclusion.