Business
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Rights of Parnters
Consultation Every partner has equal rights in disposing of the matter. However, ordinary matters are decided by the simple majority…
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Duties of Partners
To Perform True Services Every partner must perform true services in partnership i.e., to maintain the true accounts, to keep…
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Types of Taxes
Basically there are two types of taxes i.e. direct taxes and indirect taxes. However, there are further types of direct…
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Circular Flow of National Income
The movement of national income from households to firms and from firms to households in a circular manner during a…
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Expenditure Approach
Under Total Expenditures Approach, national income is computed by taking the summation of expenditures of households, firms and government on…
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Factor Income Approach
Under this approach, national income is calculated by taking the summation of rewards of factors of production for their services…
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Output Approach
We take the summation of market value of all final goods and services produced both inside and outside the national…
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Difficulties in Measuring National Income
It is the summation of the market value of all final goods and services/rewards of factors of production/expenditures of both…
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Advantages and Disadvantages of Holding Company
Advantages of Holding Company Larger capital The capital volume may be increased by the formation of combination. The constituent members…
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Differences between Cartel & Trust Form of Business
CARTELTRUSTIt can be formed easilyThe formation of the trust is a complicated matter Cartel is a horizontal type of combinationIts…
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