According to Section 2 (e), 'employee' means any person (other than an apprentice) employed on wages in any establishment, factory, mine, oil field plantation, ...

It is true that foreign trade is an engine of economic growth in a country. The well-being of a country is determined by the nature and extent of its foreign ...

Double counting in accounting is an error whereby a transaction is counted more than once. For example, the costs of intermediate goods used by a business to ...

Liability: Liability: is an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use ...

Difference between Primary, Secondary and Tertiary Sectors of the Economy are: Occupation wise an economy is broadly divided into primary, secondary and ...

Rules regarding a minor's agreements are. As indicated by Section 3 of the Indian Majority Act 1875, as changed by the Majority (Amendment) Act, 1999, a ...

Contract of Sale: Section 4 (1) of the Sale of Goods Act defines contract of sales as a contract whereby the seller transfers or agrees to transfer the ...

Derivation of labor supply curve: Firstly, we look at the total supply of labor. The number of people willing to work is called the labor force and ...

The short run and long run cost curves are derived from the same production function. Each curve assumes given prices for all inputs. In the long run, all ...

Game theory analyzes the way that two or more firms (players) choose their strategies that jointly affect the profits of each other. Game theory has been used ...