National income (Y) is defined as the total level of output of the economy. There are 03 approaches for measuring national income and they are as follows: …
It wasn’t not long ago online shopping joined the history. Now, the mobile revolution promises to repeat the same with the “anywhere …
National Income (Y) is an the total level of activity of given economy in a particular period. In other words national income measures the total level …
ROSTOW’S STAGES OF ECONOMIC GROWTH This was provided in 1960 by W. Rostow and he identified five different economic stages for a country. * Traditional …
Outsourcing refers to contracting non core activities of on organization to a third party while keep focused on core activities of the business. In other words …
Most of the ordinary people would say businesses’ main aim is to make profit. True enough, but this may not be the case; profit is not the main priority …
Protectionism means the government interference in trade markets to protect specific industries in the economy. There are three main reason for the government …
The operations management is the process of managing activities that produces goods and services in order to create value to the customer. With recent …
A firm directly invests within foreign shores involves with capital, personnel and assets beyond domestic borders. The firm is responsible for the control over …
An economy owns factors of production which are used in production process. Factors of production are also known as inputs of the production process. Level of …