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Types of Decision Making: Meaning, Process, and Importance Explained
Every day, we make decisions—some simple, like choosing breakfast, and some complex, like selecting a college course or a job…
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Expenditure Method of National Income: Formula,Calculation & More
The expenditure method of national income is widely accepted to measure a country's economic performance. It calculates the Gross Domestic…
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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,…