Business

Training and development activities are designed in order to impart specific skills, abilities and knowledge to employees. Methods and Techniques of Training A multitude of…

Gross National Product (GNP) The total value of all final goods and services produced within a nation in a particular year, plus income earned by…

Gross Domestic Product (GDP) Gross Domestic Product is the market value of all officially recognized final goods and services produced within a country in a…

Global Resources Resources are something that helps us to achieve a goal or fulfill a function. Three types Natural Capital Human Natural Resources Natural Resources…

Fair Trade is a social movement whose stated goal is to help producers in developing countries achieve better trading conditions and to promote sustainable farming. Fair…

The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high…

Multinational Corporation – MNC A corporation that has its facilities and other assets in at least one country other than its home country. A multinational…

World Trade Organization (WTO) The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its…

Perfect Market competition In economic theory, perfect/pure competition describes markets such that no participants are large enough to have the market power to set the…

A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. The Monopoly is a market structure characterized by a single seller,…

A true duopoly is a specific type of oligopoly where only two producers exist in one market. A duopoly is a situation in which two…

Oligopoly: Oligopoly is a common market form. As a quantitative description of oligopoly, the four-firm concentration ratio is often utilized. Oligopolistic competition can give rise to…