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TRADE based on ABSOLUTE ADVANTAGE
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According to Adam Smith, trade between two nations is based on absolute advantage when one nation is more efficient than…
Impact of population on businesses
Size and composition of present both opportunities and problems for business. Opportunities arise because there are more consumers. However, more…
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Government and businesses are the two most powerful institutions in any society. The two together determine public policy, both domestic…
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In India, Tata Steel (formerly TISCO) was the first company to set up a social audit committee in 1979 for…
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The quality of human beings is the greatest asset of a nation. Human capital is the body of knowledge possessed…
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The World Bank has developed an index known as the Green Index. This index measures a nation’s wealth by using…
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Advancements in technology have considerably facilitated globalization. In fact technological progress has been one of the main forces driving globalization.…
Logistics – All you need to know
Logistics – All you need to know Physical distribution involves planning, implementing and controlling the physical flow of goods, services…
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Distribution of products constitutes an important element of marketing mix of a firm. It involves activities that are necessary to…