Business

Effective demand refers to the willingness and ability of consumers to purchase goods at different prices. In economics, effective demand (ED) in a market is…

Welfare economics is the study of how the allocation of resources and goods affects social welfare. It is a branch of economics that uses microeconomic techniques…

An embargo is an order of a government prohibiting the departure of commercial ships from its ports. It refers to an order issued by a…

Goodwill is defined as “the present value of a firm’s anticipated excess earnings”. Thus goodwill exists only when the firm earns super-profits. Factors affecting Value…

Goodwill is an intangible asset that is not visible or cannot be touched but can be purchased and traded and is real. The valuation of…

Economic Crisis Breakdown The economic crisis is defined as a catastrophic state of the economy at any point in time. It refers to the downward…

Dumping The term ‘dumping’ is used in foreign trade to denote a sale of “goods abroad at prices lower than those prevailing in the home…

Dunning Letter is a notice sent to a customer requesting payment of their past due obligations. It refers to the letter that is written by…

Concept of Valuation of Shares Valuation of shares is the process of determining the fair value of the company shares. The value of every share…

Drawee in Case of Need The maker of a bill of exchange or cheque is called the “drawer”; the person thereby directed to pay is…

Necessities for Valuation of Shares Valuation of shares is the process of determining the fair value of the company shares. Share valuation is defined as…

Dormant Partner is one who is a participant in the profits of a firm, but his name is concealed, his interest is not apparent. The…