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Difference Between GDP and GNP: Meaning, their Formula and More
In economics, Gross Domestic Product (GDP) and Gross National Product (GNP) represent two of the most significant metrics for measuring…
Posted inStudy Material
Importance of Sustainable Development: A Better Future Ahead
The world is facing big problems like pollution, rising inequality, and unstable economies. Because of this, sustainable development is more…
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Functions of Money: The Essential Roles It Plays in Economics
Money in various forms is integral to the day and serves several essential functions in an economy. These functions help…
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Functions of Marketing: Key Roles, Objectives and Importance
Marketing functions are the organized set of activities that companies undertake to meet customer needs while generating profit and growth.…
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What is Closing Stock: Formula, Valuation, Methods & More
Closing stock is the value of unsold stock kept by a business at the close of an accounting period. It…