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FUNDAMENTALS OF BUSINESS ADMINISTRATION. (PART 1,2)
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· March 2017
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Methodology for Establishment of Relation between Social Capital and Motivation and its Use for Development of Transnational Companies.
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Temur Shengelia
Ivane Javakhishvili Tbilisi State University
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TEMUR SHENGELIA 
FUNDAMENTALS OF BUSINESS ADMINISTRATION 
 
 

 
(PART 1,2) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pablisher house 
„Universal“ 
Tbilisi 
2017


UDC 338.22(075.8) 
The previous text-book is concerns foundational issues of modern business. The 
most important theoretical and practical problems of this sphere are learnt and analyzed 
there: forms of business affairs and business environment, it’s ethical and social 
responsibility, basis of modern business, problems of business, management, human 
relations in business, basis of business-marketing and others. 
The main value of this text-book is it’s pragmatic, useful character with rich 
contents, that subdued both the contents and structure of things produced in it. 
The previous text-book is designed for students of business administration and 
listeners of business schools. It will help businessmen, every person who is interested 
in issues of start-up of business and in the issues of business management and 
organization. 
EDITOR: Doctor of Economic Sciences Professors GIORGI MALASHIA
 
REVIEWERS: Doctor of Economic Sciences, Professor MICHEIL JIBUTI
Doctor of Economic Sciences, Professor REVAZ GVELESIANI
Doctor of Economic Sciences, Professor SIMON GELASHVILI
© 
T.Shengelia, 2016
© 
Pablisher house „Universal“,2016 
ISBN 978-9941-17-778-1 
 
CONTENTS
From the author 
Instead of entry: business without boundaries – way towards business
PART I. METHODICAL ISSUES OF BUSINESS ADMINISTRATION
Chapter I. Business comprehension and its meaning
I.1. Concepts of business
I.2. Business, as the system of economic relationships 
I.3. Establishment of system of business
I.4. Nature of economic system 
I.5. Economic motives that have influence on business 
I.6. Role of demand and supply in the development of business
I.7. Economic strengths affecting society. Cycle
I.8. The role of government in developing business 
Reviewing questions 
Short revision of issues discussed in the theme 

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