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Fiscal Deficit: Definition, Causes, Effects & Management Strategies
A fiscal deficit arises when the total expenditure by any government exceeds its revenue, excluding borrowings, for a particular fiscal…
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Globalization and Indian Economy: Impact, Benefits & Challenges
Globalization and Indian Economy are intimately related, especially since India liberalized the Indian economy in 1991. Globalization refers to the…
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Money and Credit: Understanding Their Roles in the Economy
Money and credit play a crucial role in modern economies. Being transactional instruments, they propel economic activities, empower growth, and…
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Outstanding Expenses: Definition, Treatment & Journal Entries
Outstanding expenses are those expenses that a firm incurred but has not paid at the end of its accounting period.…
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What is Communication? Importance, Types, Verbal, Nonverbal & Barriers
Communication is the soul of all human interaction. It plays a significant role in every walk of life. It is…