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Need of Entrepreneurship: Meaning, Importance, Scope & Features
Entrepreneurship catalyzes innovation, economic development, and job creation. Its main aim is creativity and inspiring people to turn their ideas…
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Discharge of Contract: Meaning, Modes, Types, Features & Methods
Discharge of a contract is the process whereby obligations that a contract gives rise to come to an end. In…
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Money & Banking: Definition, Types, Central Bank & Properties
Money and banking are concepts that economists take for granted when conducting modern economies. It is very useful in learning…
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Difference Between Trade and Commerce: Key Concepts Explained
The line between trade and commerce is relevant in understanding what functions and operations fall into the economic system. Generally,…
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Primary Function of Money: Medium of Exchange & Store of Value
Money, therefore, plays its primary function of being a medium of exchange, unit of account, store of value, and standard…