Search china balance of trade
Barter system
...Barter System is that system in which goods are exchanged for goods. In ancient times when money was not invented trade as a whole was on barter system. This was possible only in a simple economy but after the development of economy, direct exchange of goods without the use of money, was not without defects. There were various defects in this system. These were the following; 1. Double Coincidence.... 
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Monetary standards
...The way the currency of a country is issued, managed and regulated called the monetary system of the country. Monetary standards may be of different kinds. 1. Monometallism:If one metal is the ultimate measure of value in the country standard will be metallic. If one metal is the standard that monometallism. If that metal is gold it will be called gold standard similarly if that is silver it will .... Read
Merits and demerits of partnership form of organization
...What is partnership?Partnership is an association of two or more individuals (but not more than 20) who agree to share the profits of a lawful business which is managed and carried on either by all or by any, or some of them acting for all. According to Haney, “Partnership is the relation between persons competing to make contract who agree to carry on a lawful business In common with a view of .... Read
Quantity theory of money by irving fisher
...TRANSACT APPROACHIrving Fisher an American economist, put forward the Cash Transaction Approach to the quantity theory of money. He in his book The Purchasing Power of Money (1911) has stated that the value of money in a given period of time depends upon the quant t money in circulation in the economy It is the quantity of money which determines t general price level and the value of money Any cha.... Read
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Role of commercial banks in the economic development of a country
...Commercial banks play an important and active role in the economic development of a country. If the banking system in a country is effective’, efficient and disciplined, it brings about a rapid growth in the various sectors of the economy. The economic significance of commercial banks is given in brief.(1) Banks promote capital formation. The commercial banks play an important role in rising of .... Read
Sources of bank funds
...SOURCES OF BANK FUNDSA bank is a business firm. Its main aim is to earn profit. In order to achieve this objective it provides services to the customers. It offers a variety of interest bearing obligations to the public. These obligations are the sources of funds for the bank and are shown on the liability side of the balance sheet of a commercial bank. The main sources which supply funds to a ban.... Read
Importance of money market
...IMPORTANCE OF MONEY MARKETIf the money market is well developed and broad based in a country, it greatly helps in the economic development of a country. The central bank can use its monetary policy effectively and can bring desired changes in the economy for the industrial and commercial progress in the country. The importance of money market is given, in brief, as under:(i) Financing Industry: A .... Read
Balance of payment
...Balance of payment refers to the net results that are drawn after recording all the visible and invisible items that are imported and exported from the country. Balance of payment, as such, provides a comprehensive statment over the net results of foreign trade and gives a true picture as to where the country stands in the international trade.Balance of payment clearly exposes the economic viabili.... Read
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Alibaba china ali baba group
...by Ma Yun (Jack Ma), and operates five e-commerce sub-companies which operate different aspects of trading.In 2008, Alibaba.com attracted at least 23 million visitors[1] of which 65 percent were from China.Business The English-language web site alibaba.com specializes in business-to-business trades, especially for international buyers trying to contact Chinese sellers. The Chinese-language web sit.... Read
Clenbuterol and fat burning
...Clenbuterol is a very interesting medication. Clenbuterol (Ventolase) is not a steroid hormone but a beta-2-symphatomimetic. Clenbuterol, above all, has a strong anticatabolic effect, which means it decreases the rate at which protein is reduced in the muscle cell, consequently causing an enlargement of muscle cells. A further aspect of Clenbuterol is its distinct fat-burning effect. Clenbuterol b.... Read
Letter of credit
...Letter Of Credit (L/C) It is a letter of open request by a bank or other financial institution to a prospective borrower, for an agreed amount and for a definite or indefinite period. It enables the borrower to draw a bill of exchange on the bank which is automatically accepted. Letter of credit is an open letter of request by a bank requesting a person to. lend a certain sum of money to the perso.... Read
Stock exchange
...A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities, as well as, other financial instruments and capital events including the payment of income and dividends. The securities traded on a.... Read
Cash balance approach to the quantity
...THEORY OF MONEYThe cash balance approach to the quantity theory of money was developed by a group of Cambridge economists in England which included Alfred, Marshall, AC. Pigou, Robertson and J. M. Keynes’ The approach of Cambridge economists to the quantity theory of n differs significantly from the Fisher’s approach. Fisher’s approach was based on the medium of exchange function of money. T.... Read
The phases of business cycle
...What is business cycle?A business cycle ‘is a short term picture of the behavior of real output in a private enterprise economy Business cycle refers to upturn and downturn in the level of economic activity that extends over a period of time’. The business fluctuations occur in aggregate variable such as national income, employment and price level. The variables nearly move at the same time an.... Read
Khuda ke liye
...Khuda Kay Liye is a Pakistani Urdu-language movie directed by Shoaib Mansoor. Iman Ali makes her cinema debut with this film, and enacts the character of a Pakistani-Briton. Shaan's wife is played by Austin Sayre whilst the young music prodigy Ahmed Jahanzeb along with Shuja Haider (composer of anti-terrorism song Yeh Hum Naheen) produced the soundtrack of the film. PlotThe movie revolves around a.... Read
What is triphala churna and how to take triphala
...Triphala is a commonly used Ayurvedic formula made of the dried powder of three different fruits, hence its name: tri (Three) and phala (Fruit). Amla (Emblica officinalis), Haritaki (Terminalia chebula) and Bibhitaki (Terminalia bellirica) are mixed in equal parts to make a proper Triphala. Triphala is used in India and by practitioners of Ayurvedic medicine as a remedy for a variety of ailments a.... Read
Methods of exchange control
...Meaning of exchange control.Broadly speaking, exchange control refers to a government’s inter in the foreign exchange market. In other words, it means legal restrictions on the business involving foreign exchange and its sale and purchase in the national market. It is government domination in the foreign exchange market. In the words of Haberler, “Exchange control is the state regulation exclu.... Read
Role of commercial banks in the economic development of pakistan
...Banks play an important role in the economic development of a country. It the banking system is unorganized and inefficient, it creates maladjustments and impediments in the process of development. In Pakistan, the banking system is very well organized. The State Bank of Pakistan established on July 1, 1948 stands at the apex and is responsible for the operation of the banking system in Pakistan. .... Read
