The Meaning of Commercial Capitalism: According to Marxist historians, there is a series of stages in the evolution of capitalism. For instance, they identify ...

Circular flow of income in a two sector economy: (Without Financial Sector): In two sector economy, it is assumed that government has no interference. Economy ...

The feeding mechanisms depend on the nature of the food required as food can be obtained by the animals in different ways. Each and every mechanism for ...

Polygenic inheritance occurs when one characteristic is controlled by two or more genes. Often the genes are large in quantity, but small in effect. Examples ...

Every businessman maintains accounts but he invariably thinks that auditing is a luxury. Auditing of accounts is a sheer wastage of time and money. Let us ...

The following points, show the relationship/difference between routine checking and vouching: The auditor verifies the arithmetical accuracy of the entries ...

The statutory or public corporation is best suited for managing public enterprises reasons are: Works with service motive:  Such corporations work in ...

Comparison between company form of organization and statutory corporation: Statutory Corporation Formation: Such a corporation is formed by a special act of ...

Features of Departmental Organization: Overall control rests with the minister: It is the minister who delegates authority to various levels of the ...

Factorial designs are extremely useful to psychologists and field scientists as a preliminary study, allowing them to judge whether there is a link between ...

The merits and limitations of a government company are: Merits of a government company: Easy to form: Such a company can be easily formed by the ...

The merits and limitations of statutory corporation are: Merits of Statutory Corporations: Initiative and flexibility: A statutory corporation manages ...