About this Book The organizations from time to time get into agreements and contracts with other organizations and individuals. The knowledge and skill to create and legally form these agreements and contracts are required by them so that they do not get into any complications later. The crash course of business agreement and the contract […]
About this Book Indian economy is positioned as Sixth in terms of the nominal GDP and is considered as the third largest economy in terms of purchasing power parity (PPP). The years, 2015 and 2016 has played a vital role in Indian economic development as during this period Indian World Bank’s expansion and growth was […]
About this Book Product liability is the charge against the product that is owned by the wholesaler or manufacturer or retailer before selling them to their ultimate customer. The product is the goods that is consumed by the customer and sell by the retailer. The product quality and its type matter to define its liability. […]
About this Book Prior to the establishment of the Federal Reserve System (FRS), the U.S. economy faced frequent panics, bank failures, and credit scarcity due to unstable banking and financial systems prevailing in the market. Additionally, due to the rapid industrialization the decentralized banking system became more unstable. Specifically, the financial and the economy panic […]
About this Book Adoption of the word gemba has lagged behind adoption of the kaizen concept in the world. This is unfortunate but understandable; being present on the gemba can be a greater mind-set and behavior change than simply doing kaizen. The Cambridge Business English Dictionary is one of a few sources, as of November […]
About this Book There are a lot of talks going around when it comes to adjustment of fixed assets and depreciation expense in accounting terms. Depreciation is almost similar to that of any other expenses in the fact that all expenses are deducted from sales revenue to determine profit. Keeping this apart, however, depreciation is […]
About this Book In the USA most businesses in operation are made up of micro and small businesses and are therefore of vital importance to the country’s economy. These companies are large generating jobs and wealth, which contributes significantly to the increase in gross domestic product – GDP. But one factor that has been extensively […]
About this Book Trading of the fundamental commodities that are transformed in the process to offer the food for the human kind, the energy to fuel the needs and wants of people, and metals with myriad of applications, is one of the ancient forms of ancient activity. There were trades between India and china for […]
About this Book “When you can measure all those words that you are talking about, and break them into numbers, you know really something about it. To the contrary, when you are not measuring anything at all, then you have no idea on what you have spoken. You have no control over your sayings. The […]
About this Book This theory finds its origins in field of economics. It is said to be an applied branch of the very same field. In this theory, many ways in which people act in auctions are included. This theory also describes properties possessed by auction markets. An auction may follow a certain rule or […]
About this Book More or less, the worldwide economy alludes to the economy of the world, containing diverse economies of different nations, with an economy of every nation related with that of the other in some way. A key idea in the worldwide economy is globalization, which is the procedure that prompts a single economy […]
About this Book Economic history is mainly the study of past economies.It combines historical and statistical methods along with the application of economic theory to different times in history and to various institutions. While it primarily includes financial and business history, some of it overlaps with social history which helps us get an insight to […]