20 Awesome Facts about the business world

The word Business World means the ecosystem within which business activities such as buying, selling, partnership, marketing, accounting and many more activities related to business occurs. The business world is a conceptual world where billions of peoples takes part and perform their role for money.

Framework of a Business world contains

1. Entrepreneurs

2. Industries

3. Companies

4. Rules & Regulation

5. Peoples

Facts About Business World

1. The global gross domestic product(GDP) is more than 84 Trillion U.S dollar, U.S leading the global GDP with more than 20 trillion dollar & china with more than 13 trillion dollar.

2. According to employment Global consumer electronic manufacturing is the largest industry with more than 17,430,942 employ.

3. Apple is the most valuable company in the world with net worth of 2.43 trillion. Apple is a american technology company with 147,000(2020) employee.

4. Jeff Bezos is the richest person in the world with an estimated net worth of 177 billion(fluctuates every day) U.S dollar. He is the founder of amazon and the blue origin.

5. There are 2,755 billionaires in the world with total worth 13.1 trillion. China having the most number of billionaires 1,058, followed by U.S with 696 billionaires.

6. Walmart is the largest retailer in the world with net worth of 120.13 billion us dollar. Walmart is us based multinational retailer company.

7. United state is the leader for number of startups with more than 68,968 startups. India is the second and United kingdom is third in number, There is no report about number of startups in china.

8. 90% of startups fail within ten years. Some reasons of failure of startups are:

1. No market need(42%).

2. Run out of cash(19%).

3. Not the right team(13%).

4. Over competition(9%).

5. Pricing/Cost Issue

6. Poor product

7. Poor Business Model

8. Poor marketing

9. Agriculture industry is the largest industry employing more then a billion peoples worldwide.

10. Kuwaiti Dinar is the strongest currency in the world, While British pound is the fourth strongest in rank after Omani rial and Jordanian Dinar.

11. China is the largest exporter country since 2009. China exported 2.64 trillion U.S valued goods in 2019 all over the world.

12. United State is the largest importer in the world. Importing more then two trillion dollar goods, followed by China and Germany.