Elementary Concepts | VAT, GATT, WTO, and TRIPS
Value Added Tax (VAT) An added tax is such an indirect tax that is imposed on Value Added at various …
Value Added Tax (VAT) An added tax is such an indirect tax that is imposed on Value Added at various …
Introduction Globalization means that countries are becoming more connected to the global economy. In the case of underdeveloped countries like …
Introduction In the late 20th century, many countries, including India, saw a shift towards privatization, moving away from socialist economic …
Introduction In economics, the term “production” doesn’t refer to the creation of physical goods, but rather to the process of …
‘Macro’ as used in the English language originates in the Greek word Makros, meaning large. Hence, in macroeconomics, economic problems …
Entrepreneur In the modern age, the significance of the entrepreneur as a factor of production has increased manifold. An entrepreneur …
Introduction Adam Smith came up with the idea that people should do what they’re best at. For instance, a cook …
Capital Capital is a crucial factor in production. In everyday language, we often use terms like wealth, capital, and money …
Definition Financial management is like being the money boss of a business. Whether it’s a small shop or a big …
Introduction The soil we cultivate, the river water with which we irrigate our fields, the forests we get wood from, …
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