subject area 
qualification - Austria
university type - Austria  
university status  
Graz, Austria

Banking and Insurance Industry

Bank- und Versicherungswirtschaft

Language: GermanStudies in German
Subject area: economy and administration
Qualification: BA
University website:
Bachelor of Arts in Business, BA
6 Semester
180 ECTS
Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology, such as the production of steel and coal.
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
In banking or insurance trust is the only thing you have to sell.
Patrick Dixon, Futurewise (1998).
Big industry, competition and generally the individualistic organization of production have become a fetter which it must and will shatter.
Friedrich Engels, Principles of Communism (1847)
Decidedly the best application of art to industry is when a great many copies are made from an exceedingly good pattern.
William Burges Art applied to industry: a series of lectures, 1865. p. 1.
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