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Cardinal and Ordinal Utility: Concept, Examples, and Differences
Utility is one of the most essential ideas in economics. It tells us how much satisfaction a person gets from…
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Sectors of Indian Economy : Primary , Secondary and Tertiary Sector
An economy means the system of making, using, and sharing wealth in a country. In simple words, it shows how…
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What is an Accommodation Bill? Read How Accomodation Bill Works
An accommodation bill is a financial instrument primarily used in trading to help facilitate the transaction between the parties involved,…
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What is Abnormal Loss? Find the Meaning, Example, Formula, Etc.
Abnormal loss refers to those losses which are beyond the range of what business enterprises expect in its daily activities,…
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Find Out the Limitations of Financial Statement Analysis in Detail
Financial statement analysis is useful in checking the performance and health of a firm's financials, giving stakeholders insight. However, it…