For many worldwide economies, the pandemic shows no sign of easing, with the UK under its third national lockdown and having significant impacts on consumer spending and confidence. Overall, consumer spending fell in December at the fastest rate in six months as the lockdown began to hit hard, while Barclaycard revealed that investment has contracted by 2.3% year-on-year.With this in mind, we’ll use this article to explore changing consumer behavior against the backdrop of the … [Read more...] about Consumer Behaviour – The Things to be Aware of Moving Into 2021
Commerce
Why You Should Always Have a Lawyer Look Over Your Contracts
No matter what sector your business operates in, you are going to have to handle contracts at some point. They are a necessary part of your operations, be it a contract with an employee or a new deal with a supplier. As a result, you need to make sure that these contracts are as airtight as possible. Having your solicitor look over them is often a great move. Let’s take a look at why it is so important that you have a lawyer take a look at your contracts.ComplianceOne of the most … [Read more...] about Why You Should Always Have a Lawyer Look Over Your Contracts
How to Start an Investment Partnership
Before knowing the procedure of starting the investment company you have to know what is “investment partnership”? Investment partnership is unlike to common business company. The basic definition of partnership means the “contribution of two or more individuals in the business”. So, an investment partnership means all the partners involved in this partnership have different liabilities and tax benefits. There is one general partner that makes decisions on a daily basis and makes a … [Read more...] about How to Start an Investment Partnership
Importance of Commerce
Commerce belongs to the branch of business. It is related to the process of trade and any kind of activity happening between two people and parties with the exchange of money.The main role of commerce in business is distribution. Whatever the products are produced. If there is no availability of resources and raw material on time then there is no product ready for sale.Commerce help in the distribution of all required resources by efficiently calculate and analyze the situation so that … [Read more...] about Importance of Commerce
What are trade meaning, nature, and different types of trade?
Trade involves the transfer of goods and services from one person to another person with the exchange of money. Economics considers trade as a separate market in the corporate world. In the early years, about the mid-80s trade is the process of direct interchange of products and services from producer to consumer.But now in the modern and global era, this process is expanded and involved a number of peoples in it. Initially, products and services are first delivered to the wholesaler in huge … [Read more...] about What are trade meaning, nature, and different types of trade?
E-Courts: A Pressing Priority
The primary ambition of e-courts is to make the justice delivery system, thrifty, crystalline, expeditious and accountable by limiting the paper filings.E-courts are designed to make legal mechanisms easier and more user friendly. In an e-court, the entire work is accomplished digitally wherein, the knowledge that is shared and set up is stored as a directory and corresponded to a particular server that can be accessed by litigants, judges, and advocates.Difference Between E-Court and … [Read more...] about E-Courts: A Pressing Priority
Different Types of Joint Ventures
A joint venture can be generally defined as a business consensus in which more than one parties – shared owners – agree to pool their individual resources for some common business purpose. In doing so, each party holds responsibility of sharing the costs, profits, losses, and risks equally or as per their shares.The term ‘joint venture’ generally means investment and typically entails a type of strategic partnership of individuals or companies, and that a particular partnership for which … [Read more...] about Different Types of Joint Ventures
16 Major Difference between Public and Private Finance
The term “finance” is associated with revenue and expenditure. Public finance is a branch of Economics which deals with the government’s revenue and expenditures of an economy. If it is related to the private sector, it is called private finance.Finance includes those means by which we make various types of payment. It may be defined as the provision of money at the time of need. In other words, it is the arrangement of money sources and the acquisition of funds for the satisfactory conduct … [Read more...] about 16 Major Difference between Public and Private Finance
3 Major Types of Resolutions in a Company
Resolutions are communications embodying the views or intentions concerning some important matter. They are not addressed to anyone in particular and are drafted in the third person. A company resolution may be defined by Pitfield, “a formal declaration of the will or wishes of the company”.Kind of ResolutionsOrdinary ResolutionAn ordinary resolution is one which is passed by a simple majority of members entitled to vote such resolution is used for ordinary routine business at a … [Read more...] about 3 Major Types of Resolutions in a Company
Joint Stock Company
It is a popular type of business running across the globe under different territory based rules and regulation. The driving factors of this business type are different characateristics which includes its legal entity in the state, people trust and many others. It is also a form of business like other types of businesses including public limited company, partnership, sole proprietorship.Joint Stock Company is a type of business which gives business ownership rights to share holders by giving … [Read more...] about Joint Stock Company
Essentials of Valid Contract
A contract is an agreement between two or more persons to do or not to do some particular thing, such agreement being enforceable at law. According to section 2 (h) 1872 contract act, It is an agreement enforceable by lawTherefore, is an agreement the object of which is to create an obligation. In other words, It is a combination of two ideas- Agreement and obligation.Contract = Agreement + ObligationAn agreement creating and defining obligation between the parties SALMOND“An … [Read more...] about Essentials of Valid Contract