An establishment – as an entity in which factors of production are constantly combined for the purpose of producing marketable goods and/or services (marketable goods) in accordance with economic rationality – in the market economy system; a company that operates under the ownership or control of a single organization. In other words: a company in the market economy – may be a business, service, or membership organization; – which consists of one or several establishments; – operates at one or several locations; – includes all subsidiary organizations as well as – all establishments that are majority-owned by the company or any subsidiary, and – all the establishments that can be directed or managed by the company or any subsidiary). The aim of an enterprise is to make a profit by using the factors of production and producing goods on a permanent basis. – See Money House, Institute.
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