A. supplier B. consumer C. quantity of goods demanded D. quantity of goods supplied E. interaction of demand...
ECONOMICS
A. resource B. wants ✓ C. choice D. output E. factors In economics, the term “ends” refers...
A. Whose quality is low B. Consumed by very poor people C. Whose consumption falls when cunsumers’...
Capital market is a market for medium-term and long-term loans. The capital market serves...
Money market can be defined as a market for short-term loan. The market consists...
The traditional financial institutions came into existence several years before the establishment of modern...
Insurance companies are financial institutions that are concerned with insurance. Insurance may be defined...
Mortgage banks are financial institutions that specialise in granting loans to individuals and corporate...
Merchant banks are financial institutions which perform specialised functions, such as acceptance of bills...
Development banks are specialised financial institutions which provide long-term credit or loan to other...
Bank clearing house is an institution established by member banks to simplify exchanging and...
Central bank is the highest financial institution in a country which carries out the...
The Bill of Exchange Act defines a cheque as: “A bill of exchange drawn...
Banks can act as agent of lending by means of loan, overdraft and discounting...
There are three types of account which customers can open in a bank. These...
Financial institutions refer to all business organisations which hold money for individuals and institutions...
Joint ventures or enterprises can be defined as those businesses in which private investors...
A co-operative society is defined as a voluntary business organisation in which a group...
Public corporation, also known as public enterprise or statutory corporation, may be defined as...
A public limited liability company is defined as one which by its articles allows...
A private limited liability company is defined as one which by its articles restricts...
DEFINITION OF A COMPANY A company can be defined as a legal person or...
A partnership may be defined as a type of business organisation in which two...
Sole proprietorship may be defined as a form of business enterprise owned, financed and...
DIVISION OF LABOUR Division of labour is defined as the breaking down of a...
Money is anything that is generally acceptable as a medium of exchange and in...
Inflation may be defined as a persistent rise in the general price level of...
Instrument of business finance also called Financial Instrument is a physical or electronic document...
Labour can be defined as all human efforts of any kind, either skilled or...
Basic economic problems refer to the problems people encounter in the society while attempting...
The subject Economics has no specific definition. It has been defined in many ways...