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Enforceable by Law Meaning: Legal Essentials, and Real Examples
The phrase enforceable by law refers to an agreement or promise that meets all the required legal criteria and is…
Posted inStudy Material
Why the Demand Curve Slopes Downward – Reasons, Features & More
The demand curve slopes downward to represent the inverse relationship between the price of a product and the quantity demanded.…
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Capitalist Economy and the Features of Capitalism in Economics
A capitalist economy is one in which private individuals and businesses will ultimately own property as well as control resources…
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Closing Stock Formula: Methods, Valuation & More
In accounting, closing stock refers to the value of goods or inventory that remains at the end of an accounting…
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What is Zollverein? Significance & Impact on Economic Unification
The Zollverein was a milestone toward Germany's eventual economic and later political unification. This free-trade customs union, formed at the…