There are two methods of economics Deductive method Inductive method Deductive method- classical economists favour this method. It is also known as hypothetical or abstract
Today I will discuss the meaning of very important term related to financial institutions like banks. The term is NPA and the full form of
An external factor which affects the business environment means the factor beyond the control of business. These can be broadly classified into micro and
Meaning: Business ethics refers to the standards and principles which govern the business activities. It means doing business activities with rational thinking and honesty.
The word social security originated in USA in 1935. It means to help the people when they are unemployed and exposed to risk such as
Economics is considered as science of wealth as it is a study of the factors which are responsible for wealth generation. Thus in Economics we
Human wants are unlimited and the resources to satisfy these wants are scarce. Every individual tries to satisfy more and more of his wants. The
Standard costing It is a predetermined cost, as it is determined in advance what should be the cost of production. When standard cost is used
Master in Business Administration (MBA) is one of the most popular and acclaimed professional courses. It prepares students for the challenging mid-level positions in the
meaning of Differential costing It is the change in cost, due to change in the output or change in sale. It may be increase or
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