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  • Home
  • Sections
    • Introduction
    • Part 1: Key Concepts
    • Part 2: Progress
    • Part 3: Understanding Trade
    • Part 4: Trust, Agency, and Bystanders
    • Part 5: Management of a Commercial Society
    • Part 6: Personal and Business Finance
    • Part 7: Innovation and Entrepreneurship
  • Table of Contents
  • Resource Glossary
  • About

Part 6: Personal and Business Finance

52 Accounting Basics

Everyone needs to know how to interpret and how far to trust accounting information.

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53 Compound Growth

How do your savings and investments can grow over time if you handle them well?

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54 Saving, Borrowing, and Investing

Almost everyone has a checking account or a credit or debit card, and we use banks for any number of other things too. They are the backbone of commercial society.

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55 Marketing Fundamentals

Markets work without marketing, but customers have to be able to find what they are looking for. Effective marketing can help with that.

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56 Insurance

You might be surprised to learn that others may be willing to take on risk that you are exposed to. However, they will want to be paid for assuming this risk. They are called insurers.

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57 Break-Even Analysis

The break-even point represents the sales amount—in either unit or revenue terms—that is required to cover total costs.

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58 Budgeting

A budget is a useful tool for controlling expenses and debt, and for developing the habit of saving and investing for your future. Everyone can benefit from a budget, and virtually everyone can save and invest for the future.

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59 Financial Management

Financial statements and accounting data present a real opportunity to make smarter decisions when it comes to your investing opportunities, whether as a business person or a private individual.

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Sections

  • Introduction
  • Part 1: Key Concepts
  • Part 2: Progress
  • Part 3: Understanding Trade
  • Part 4: Trust, Agency, and Bystanders
  • Part 5: Management of a Commercial Society
  • Part 6: Personal and Business Finance
    • 52 Accounting Basics
    • 53 Compound Growth
    • 54 Saving, Borrowing, and Investing
    • 55 Marketing Fundamentals
    • 56 Insurance
    • 57 Break-Even Analysis
    • 58 Budgeting
    • 59 Financial Management
  • Part 7: Innovation and Entrepreneurship
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