FUNCIONES de la EMPRESA 🧑💼 | 01# Economía de la empresa 2 bachillerato
Introduction to Economics of the Company
In this section, the speaker introduces the concept of the company in economics and outlines its functions within the economy.
Definition and Functions of a Company
- Companies serve as the basic unit of production, aiming to enhance utility by coordinating various productive factors under employer supervision.
- This coordination involves land, labor, and capital to produce goods and services that meet societal needs.
- The primary functions of companies include:
- Coordinating factors of production: Companies align specialists, machinery, and raw materials to fulfill requirements efficiently.
- Coordination is crucial for producing goods that satisfy human needs effectively.
- Creating profits through transforming raw materials into valuable products that cater to consumer demands.
- This process adds value to goods, making them more useful and increasing their market price.
- Taking risks by investing resources upfront for operations, such as paying wages and acquiring materials.
- Companies bear the risk of potential losses if products cannot be sold due to unforeseen circumstances.
- Generating wealth and employment opportunities while contributing to economic development by enhancing product quality and innovation.
- Companies play a vital role in society by creating wealth, offering employment, and improving citizens' quality of life.