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Economics can be called a science. It has many laws like the physical sciences. The economist observes the behaviour of […]

Economics has very many definitions. There are a variety of modern definitions of economics. Some of the differences may reflect […]

Privatisation of a business is the process by which the government sells its shares in government-controlled enterprises to private individuals […]

Meaning of Joint Ventures Joint ventures or enterprises can be defined as those businesses in which private investors and governments […]

Meaning of Co-operative Society A co-operative society is an association of people with a common interest, formed for the purpose […]

Definition of Limited Liability Companies There are two types of Limited Liability Companies – Private Limited Liability Company or ‘the […]

Types and Basic Features of Business Enterprises The types of business enterprises include sole-proprietorship, partnership, Joint Stock Companies (private and […]

Definitions of Firm A firm may be defined as an independently administered business unit which has the ability and capability […]

Meaning of Population Census This refers to the official head-to-head counting of the people in a country at a given […]

It is defined as a situation where a country has more people than its physical human resources can support with […]