Definition of a Bank A bank can be defined as a financial institution that provides various financial services, which may include accepting deposits and issuing loans. A bank is also
Archives
UNEMPLOYMENT – Meaning, Types, Consequences and Solutions
Unemployment is a condition that occurs when a person who is actively searching for employment is unable to find one. It is a situation where those who are willing and able
Occupation – Meaning, Types & Factors That Determine Types of Occupation
MEANING OF OCCUPATION Occupation is a business or what someone does to earn a living. Somehow, we all must engage in one job or another at some point in order
PRODUCTION – TYPES OF PRODUCTION; IMPORTANCE OF PRODUCTION
Meaning of Production Production is simply the process of converting raw materials or other inputs such as ideas into finished goods or services. Production is also the process of making
ECONOMIC PROBLEMS OF A SOCIETY
ECONOMIC PROBLEMS OF A SOCIETY In Economics, Economic problems of a society refer to the fundamental economic theoretical principles in the operation of any economy. The principle asserts that there
DIVISION OF LABOUR AND SPECIALISATION
DEFINITIONS OF DIVISION OF LABOUR DEFINITIONS OF SPECIALISATION ADVANTAGES OF DIVISION OF LABOUR DISADVANTAGES OF DIVISION OF LABOUR What is Division of Labour Division of labour can be defined as
WAREHOUSING – DEFINITIONS AND TYPES
DEFINITIONS OF WAREHOUSING TYPES OF WAREHOUSING WAREHOUSE MANAGEMENT What is Warehousing? Generally, Warehousing encompasses all the functions associated with storage of goods and materials. A Warehouse is a place where goods bought or
Money – Definition, Characteristics & Functions
MONEY DEFINITION QUALITIES OF MONEY CHARACTERISTICS OF MONEY PURPOSE AND FUNCTION OF MONEY MONEY DEFINITION Money is anything that is generally acceptable as a means of exchange, and in the
TRADE BY BARTER – MEANING, PROBLEMS OF TRADE BY BARTER
MEANING OF TRADE BY BARTER Trade by Barter is simply an act of trading goods and services between two or more people without the use of money. Trade by Barter is
Basic Tools for Economic Analysis
The basic tools for economic analysis are used for the interpretation and analysis of some problems which are often presented in statements that may not be so easy to understand.
