Economic Objectives
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...which is hunting after profits and ignores other objectives will not be doing service to the community. We here classify the objectives of business under three heads and then examine them briefly (1) Economic objectives (2) Social objectives (3) Human objectives. I. Economic Objectives:Business, as we know. is primarily an economic activity. The major economic objectives to be achieved by business.... More >>
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...acts are made for future payments terms of money instead of goods and promise to repay the loan in money. In this way money is the standard of deferred payments. This function stimulates all kinds of economic activities wjtich depend on borrowed money.4. Money as a Store of Value:Goods cannot be stored because they are perishable. People receive their incomes in money form and keep their savings i.... More >>
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Importance of business in the present day world
...such as e-corrmerce, tele shopping etc. Criticism of business. There isno doubt that modern business has raised material standard of living of the people but it has also created discontentment in the economic and social system. The main criticisms directed towards business are as under: 1. Business of today has become too much profit oriented. The employees are usually exploited by the owners 2. B.... More >>
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...Defination of Fiscal Policy:Fiscal policy is an additional method to determine public revenue and public expenditure. In the recent years importance of fiscal policy has increased due to economic fluctuations. Fiscal policy is an important instrument in the modern time. According to Arther Simithies fiscal policy is a policy under which government uses its expenditure and revenue programme to prod.... More >>
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...Types of chequesThe cheques are of two types. (i) Open cheques and (ii) crossed cheques.(i) Open Cheques. Open cheques are those cheques which are paid across the counter of the bank. Open cheques may be bearer or order cheques.(a) Bearer cheques. If a drawer orders the bank to pay a stated sum of money to the bearer it is called a bearer cheque. Any person who lawfully possesses a beaker cheque i.... More >>
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Business organization nature and scope
...business and organization. In order to understand the nature of business organization, it is necessary that the meaning of these two words is made clear to the readers.(1) BusinessBusiness is a human economic activity. It involves continuous and regular production and distribution of goods and services with a view to earn profit. Money flowing in and earning of profit through the satisfaction of t.... More >>
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...The use of deficit financing to maintain total spending or effective demand was an important discovery of the economic depression of 1930. Today it is a major instrument in the bands of government to ensure high levels of economic activity. The definition of deficit financing is likely to vary with the purpose for which such a definition is needed. In one sense by deficit financing we mean the exc.... More >>
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10 most overlooked tax deductions
...Through deductions, American wage earners have the chance to pocket more income, rather than hand over their hard-earned cash to the government. For those who keep good records, deductions can mean more money - and less for the IRS. You probably know the most common deductions, such as deductions for property taxes and charitable donations, but there are related deductions you might be overlooking.... More >>
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...el is at a very slow rate over a period of time. Under creeping inflation, the price level rises up to a rate of 2 percent per annum. A mild inflation is generally considered a necessary condition of economic growth.(ii) Walking inflation. Walking inflation is a marked increase in the rate of inflation as compared to creeping inflation. The price rise is around 5 percent annually.(iii) Running inf.... More >>
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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 .... More >>
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...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 .... More >>
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Federal reserve board boots finally fell
... 6000 million bond to inject liquidity to the market. This figure, and prior to that market expectations generally consistent. Stock market has a very interesting topic, known as expected, on policy, economic data and company fundamentals to advanced analysis and judgement. If the actual results to previous judgments Christian Louboutin Shoes basically the same, is in line with expectations. If th.... More >>
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...REMEDIES OF INFLATIONThe first panacea for a mismanagement nation is inflation of the currency. The second is war. Both bring a permanent ruin. They both are the refuge of political and economic opportunists. (Ernest Hemigway). To avoid political unrest and harmful, social and economic effects on the economy, it is the main objective of every government to take appropriate measures to control infl.... More >>
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Keynesian theory of business cycles
...iew that it is the changes in the level of aggregate demand which bring about fluctuations in the level of income output and employment. Now what causes changes in aggregate demand?The fluctuation in economic activity says Keynes is due to fluctuations in investment demand. The investment demand is determined by expected rate of profit from the investment on the one hand and the rate of interest o.... More >>
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...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.... More >>
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...according to the rules B. FOREIGN AID Another benefit of the audit to the Govt. is that the foreign agencies usually prefer to give aid to those companies who must audit their account. C. ECONOMIC PROGRESS The govt. can check the overall economic progress by the audited accounts. The Govt. can check the accounts of the companies and as a result it is in a position to take the proper .... More >>
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Functions of state bank of pakistan
...e size of notes issue reflects the public demand for money. The amount of notes in circulation can be increased to meet the public demand and are adjusted according to the general level of prices and economic activity in the country. The assets of the Issue Department are always equal to liabilities. .2. Framing and Operation of monetary policy. The State Bank of Pakistan frames and operates the m.... More >>
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... 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 excluding the free play of economic forces from the free play of foreign exchange market” Summing up, exchange control is a, method of influencing international trade, investment and the payments mechanism.Methods or Devices .... More >>
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Stages in development of money
... of making payments because there were difficulties in storing them They also lacked the essentials of durability transportability divisibility homogeneity etc So a search was made to find out a more economic means of making payments The search led to the discovery of precious metals of gold silver and copper.2. Metallic MoneyThe next form of commodity money was the use of uncoined metals such as .... More >>
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Causes of trade cycle summarized
...CAUSES OF TRADE CYCLE (SUMMARIZED)The real growth of the economy involves cyclical fluctuations. Wave like movements in economic activity over a period of time are caused due to a number of factors. These causes, factors or theories can be classified as external and internal.(A) External CausesThe external causes are those which find the root of the expansion and contraction in economic activity o.... More >>
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