What is Demand The quantity of product that the consumers are willing to buy at a given price over a given period of time is called demand for that product. Thus demand is: The desire for possession, and The willingness (and ability) to pay for What …
What is Inflation Inflation is a world-wide phenomena. Throughout the history of mankind prices have been rising due to war, famine and natural calamities. In the present age the population of every country is increasing and every country has to spend more and more on the …
Importance of Multinational Corporations The Multinational Corporations have been observed as the instrument of development in the developing states for example National Petroleum Construction Company NPPC has been awarded contract of laying transmission line in Kuwait. Following are the important advantages of MNCs. Globalization The first …
In the World’s 100 largest economic entities twenty nine 29 are Multinational Corporations (MNCs). Among these entities, Exxon Mobile is on 45th which is sandwiched between the economies of Pakistan and Chile. Multinational Corporations MNCs have grown faster than national economies in recent years in 1990 …
Special terms are used when describing something in accounting. When resources put into business by the owner are called Capital or Owner Equity. Actual economic resources owned by the business are called assets. Owner supplied the resources, the accounting equation will be: Capital = Assets Besides …
Definition of Law of Property The term property is commonly used for the objects over which the right of ownership extends. In other words, property may be described as any object, which is owned. As the term property is not a term of art thus it …
Definition of Interpretation of Law Salmond defines interpretation “Interpretation or construction is the process by which the courts seek to ascertain the meaning of legislation through the medium of the authoritative form in which it is expressed.” Kinds of Interpretation of Law There are two kinds …
Codification of Law Meaning In dictionary meaning code is a systematic collection of statutes, body of law, so arranged as to avoid inconsistency and overlapping. In fact, codification is the systematic process and reduction of the whole body of law into a code in the form …
