ECONOMICS

Joint ventures or enterprises can be defined as those businesses in which private investors and governments are in partnership. In other words, these are ventures which are set up by ...

A co-operative society is defined as a voluntary business organisation in which a group of individuals with common interest pool their resources together to promote the economic welfare of their ...

Public corporation, also known as public enterprise or statutory corporation, may be defined as a large scale business organisation set up, owned and financed by the government of a country ...

A public limited liability company is defined as one which by its articles allows the public to subscribe for its shares, must have a minimum of seven persons but no ...

A private limited liability company is defined as one which by its articles restricts the right to transfer its shares, limits the number of its shareholders from two to fifty, ...

DEFINITION OF A COMPANY A company can be defined as a legal person or entity created by the association of a number of people in accordance with the law for ...

A partnership may be defined as a type of business organisation in which two to twenty persons agree legally to set up and manage a business outfit with the sole ...

Sole proprietorship may be defined as a form of business enterprise owned, financed and managed by one person with the primary aim of maximising profit. The sole proprietorship, also popularly ...

DIVISION OF LABOUR Division of labour is defined as the breaking down of a production process into a number of separate operations, whereby each operation is undertaken or performed by ...

Money is anything that is generally acceptable as a medium of exchange and in the settlement of debts. Money can also be defined as anything that is generally acceptable as ...