Business

Trade barriers are government-induced restrictions on international trade. They are imposed by the government by placing rules and regulations, tariffs, import quotas, and embargos. They…

A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.…

Land reform involves the changing of laws, regulations, or customs regarding land ownership. It may consist of a government-initiated or government-backed property redistribution, generally of…

Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and…

Trade diversion is an economic term related to international economics in which trade is diverted from a more efficient exporter towards a less efficient one…

Floating Charge is a security interest or lien over a group of non-constant assets. It is a charge given by a company to a creditor…

Common Assumptions in Cost-Volume-Profit (CVP) Analysis CVP analysis is used to determine how changes in costs and volume affect a company’s operating income and net…

Trade creation refers to the increase in economic welfare from joining a free trade area, such as a customs union. It is an economic term…

Floating Debt These are the loans borrowed by a trader to meet temporarily the requirements of current business and are payable within a short period…

Prices of production is a concept in Karl Marx’s critique of political economy, defined as “cost-price + average profit”. A production price can be thought…

Concept of Cash Break-Even Point Break-Even Point tells about the volume of sales needed to cover all operating expenses. This concept is used to model…

An aggregate in economics is a summary measure. It is an economic measurement of the total amount of demand for all finished goods and services…