Theory of production

Production can be defined as the transformation of raw materials into finishing goods and the distribution and provision of goods […]

Limited Liability companies

Limited Liability Companies Definition of Limited Liability Companies There are two types of Limited Liability Companies – Private Limited Liability […]

Business Organization – Sole Proprietorship and Partnership

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

Distribution or Structure of Population

Distribution or Structure of Population Population is distributed or structured into four: Geographical Distribution, Age Distribution, Sex distribution and Occupational […]

Malthusian and Demographic Theories of Population

Malthusian Population Theory This is a theory formulated by Thomas Robert Malthus in a book titled An Essay on the Principle of Population […]

Implications of Population size

Implication of Population Size The size of the population of a country has a number of implications. Some are political […]

Economic problems of every society

Meaning of Economic System Economic System refers to the system by which a nation organizes the ownership, control and allocation […]

Economic Systems: Capitalism, Socialism and Mixed Economy

Definition of Economic System An economic system may be defined as a medium or an organized way by which the […]

Money

Definition and Meaning of Money Money may be defined as anything that is generally acceptable as a medium of exchange for […]

Rationing and Hoarding

HOARDING In economics, hoarding is the practice of obtaining and holding scarce resources, possibly so that they can be sold […]