A business can be carried out by several type of entities and at different scales i.e., from an individual run sole proprietorship to a large public listed corporation. The type of entity structure chosen depends on several...
Read MoreA country’s government is responsible for undertaking several activities directed towards the welfare of its citizens. From public healthcare to public infrastructure to employment programs, there are a whole host of...
Read MoreAll commercial companies operate primarily to earn profits for their owners. In a company structure, the owners are in the form of shareholders. They can be as little as two in a private company and as many as hundreds and...
Read MoreGoods is a very wide term in economics and they can be any product or resource that has utility to a user or consumer. From an accounting perspective, however, goods typically include raw materials and supplies used in the...
Read MoreThe house owner hired an estate agent to appraise the value of his home. He was shocked when the agent apprised him that due to COVID crisis the value of his estate had fallen. The words ‘appraise’ and ‘apprise’ can be mistaken...
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