World Bank Group
Colin Powell, 65th United States Secretary of States
Michael Jordan, NBA Hall of Famer
Is the economic policy of not discriminating against imports from and exports to foreign jurisdictions. Buyers and sellers from separate
economies may voluntarily trade without the domestic government
applying tariffs, quotas, subsidies or prohibitions on their goods and
services. Free trade is the opposite of trade protectionism or economic
The organization and coordination of the activities of a business in order to achieve defined objectives.
Business management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). Business management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.