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Organizing

Organizing can be defined as a process that initiates implementations of plans by clarifying jobs and working relationships and effectively deploying resources for the attainment of identified and desired results…

The Consumer Organizations

In India, there are about 500 consumer organizations that are working in the field of consumer protection. The most popular ones are the Consumer Guidance Society of India (CGSI), Citizen…

What is the price floor?

There are 2 tools used by the government to control or improve the prices of essential commodities. These tools are the price ceiling and price floor. Let’s understand this topic in…

What is a Price Ceiling?

The price ceiling is the maximum price the producer is allowed to charge by selling their goods and services. Let’s understand this topic in detail. A quick note: Subscribe to our website to…

Equilibrium in the foreign exchange market

Foreign of exchange market is that market where currencies of 1 country are traded for another country’s currencies. Let’s understand the equilibrium in the foreign exchange market. Let’s understand this topic…

What is the foreign exchange?

Foreign exchange refers to all currencies other than the domestic currency of a given country. For example, in India, USD will be a foreign exchange similarly the Canadian dollar will…

The Structure of the Government Budget

The government budget is an annual statement showing item wise estimates of receipts and expenditure of the government during a financial year. The structure of the government budget is divided…

Budget Expenditure

Budget expenditure refers to the estimated expenditure of the government on its developmental and non-developmental programs. It could also be done on its planned or non-planned programs during a fiscal…

The Budget Deficit

The budget deficit is defined as the excess of the total estimated expenditure over the total estimated revenue. Whenever the government expenditure is more than the government revenue we have…

The Government Budget

The government budget is an annual statement showing item wise estimates of receipts and expenditure of the government during a financial year. Let’s understand the concept of the government budget in…

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