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Difference Between BOT and BOP
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What is the major difference between BOT and BOP? This article will focus on the basic concept of Balance Of…
Meaning of Government Budget and its Objectives
MEANING OF GOVERNMENT BUDGET: The government budget is an annual financial statement showing item wise estimates of expected revenue and…
The concept of Opportunity Cost
The opportunity cost of an activity is equal to the value of the next alternative foregone. Alternatively, it is the…
The Difference Between Explicit and Implicit costs
What are the major differences between Explicit and implicit costs? WHAT ARE EXPLICIT COSTS? Explicit costs are those payments which…
Fiscal Deficit Part-2
In the first part we talked about the basic definition of fiscal deficit and its implications. The second part will…
Fiscal Deficit Part-1
Fiscal deficit is defined as excess of total expenditure over total receipts excluding borrowings during a fiscal year. It is…
Revenue Deficit
The budget deficit is the difference between total expenditure on the one hand and current revenue and net internal and…
Borrowed Funds
These are provided through borrowings and loans. These funds are available on certain terms and conditions for a specific period…
Consumer Adoption Process
Consumers demonstrate different acceptance behavior for different products depending on variety of factors, for example, psychological factors, sociological factors, economic…
Owner’s Funds
Owner’s funds are provided by the owners of the business and are known as capital in the case of sole…