FINANCIAL INSTITUTIONS Financial Institutions can be defined as the business organizations that deal in money, though some may deal in other financial assets such as shares, letters of credit, bills of exchange, etc. Except for the Central Bank, they make profits by trading in money; that is, through the process … Read more
Balance of payments can be defined as the systematic record or summary statement of accounts of all the major economic or trading transactions between a reporting country and the rest of the world, during a specific period, usually one year. Balance of payments is a summary of receipts (income) and payments (expenditure) of a country in the … Read more
Leadway assurance company salary 4 graduates: Are you interested in working or securing a job at Leadway assurance company? If so, then you are in the right page. You will see the list of salary Leadway assurance company is paying their graduate employees and what does Leadway Assurance pay graduate trainee. Brief information about Leadway … Read more
Banks are financial institutions that are licensed to accept deposits and loans. Banks may also offer financial services such as wealth management, currency exchange, and safe deposit boxes. There are different types of banks, including Development banks, Commercial bank, Merchant banks, and Mortgage banks etc. In most countries, banks are regulated by the national government … Read more
COMMERCIAL POLICY IN INTERNATIONAL TRADING Commercial policy in international trade refers to deliberate efforts on the part of a government to intervene in the country’s trade relations with other countries. The commercial policy aims at regulating trade and protecting the economy. INSTRUMENTS OF COMMERCIAL POLICY Several commercial policy instruments are used. These include: (i) Tariffs: … Read more
Natural resources refer to the materials or substances with which a nation has been endowed by nature and which are necessary for the production of human wants. They are mostly associated with land in all its ramifications. Examples of natural resources are the minerals in the ground and vegetation. Natural … Read more
MEANING OF INFLATION Inflation refers to a persistent and sustainable rise in the general price level. A general phenomenon during a period of inflation is the continuous fall of the value of money in the economy. PRICE … Read more
Definition of Industry and Industrialization Industry: The term industry refers to a group of firms that produce broadly similar goods or offer broadly similar services e.g. all the firms producing cement belongs to the cement industry. The firm on the other hand refers to an independently administered business unit that carries out production, construction, or distribution … Read more
DIFFERENCES BETWEEN DOMESTIC TRADE AND INTERNATIONAL TRADE Domestic trade is also known as internal trade. It involves the exchange of goods and services within the national boundary. International trade is also known as foreign trade or external trade and it involves the exchange of goods and services … Read more
A business organization is any form of establishment that undertakes the production of goods or rendering of services demanded by the consumers. The primary objectives of any business or organization are to make a profit. Types of Business Organizations Business organizations can be classified into two major types. These are private enterprises and … Read more
