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In macroeconomics, the focus is on the demand and supply of all goods and services produced by an economy. In macroeconomics, aggregate demand (AD) or domestic final demand…

The concept of personality has different meanings and in psychology, has been defined in many ways. The study of personalities is as important to psychology…

Firm Offer is a definite offer to buy something at a fixed price. It is a kind of proposal, which is sure to hold firm…

Alkali Metal Any of the metallic elements belonging to Group 1 of the periodic table: lithium (Li), sodium (Na), potassium (K), rubidium (Rb), cesium (Cs),…

The concept of ethical relativism revolves around the fact that different groups have different ethical standards in determining what is morally right and wrong, and…

Face Value The value as appeared on the face of the security is called face value. It is the value printed or depicted on a…

Ex-Warehouse The term is used in the price quotation of goods. The meaning of ‘ex-warehouse’ is out of or in front of the warehouse and…

World Population Day is an annual event, which seeks to focus attention on the urgency and importance of population issues, was established by the then-Governing…

Goodwill is the value of the reputation of a firm built over time with respect to the expected future profits over and above the normal…

Introduction – American psychologist, Urie Bronfenbrenner, played a major role in the field of developmental of psychology (Bronfenbrenner, 1979). He was particularly interested in understanding…

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by…

Optimal tax theory or the theory of optimal taxation is the study of designing and implementing a tax that maximises a social welfare function subject…