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Budget Line Definition, Meaning, and Real-Life Use in Economics
People always want to buy many things, but money is always limited. We cannot buy everything we like. So, we…
Posted inStudy Material
Carriage Inward Meaning, Difference & More
In accounting, the concept of carriage inward is very significant in establishing the cost of goods sold and the total…
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Dimensions of Business Environment
The dimensions of the business environment are formed by numerous external and internal influences, which operate to make a business…
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What are Budget Receipts? Revenue & Capital Receipt with Examples
The government earns money from many sources to run the country every year. The money that the government receives is…
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What is Capitalist Economy? Features, Merits & Demerits
A capitalist economy is a system wherein all factors of production—land, labor, capital, and entrepreneurship—are owned by the private individual…