31
Aug 14

Difference between Capitalism and Socialism

Capitalism and socialism are both economic systems where capitalism refers to that market structure under which the private sector is at the forefront when it comes to owning the factors of production and government has very limited role and the prices of goods and services are determined by the demand and supply and not by […]


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24
Aug 14

FMCG Full Form

FMCG is the acronym used in the context of industry classification, full form of FMCG is Fast Moving Consumer Goods. It refers to those goods which are sold quickly and are relatively cheaper and the profit margin on such goods is very thin and therefore companies have to depend on volumes rather than profit margin […]


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17
Aug 14

Limitations of Oligopoly

Oligopoly is the term which is used in the context of economics; it refers to that market structure in which there are only few sellers or producers for the good and therefore there is some pricing power available with the sellers. Given below are some of the limitations of oligopoly – Consumers are at disadvantage […]


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10
Aug 14

Advantages of Accounting

Accounting can be compared with heart of human being, as human beings cannot live without heart in the same way a business cannot function without accounting. When heart fails it result in death, in the same way when accounting fails it results in failure or closure of company. Given below are the various advantages of […]


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03
Aug 14

Difference between Debit and Credit

Debit and credit are the most used words when it comes to accounting and banking, and if you do not know the difference between the two then chances are you will never be able to understand any concept of accounting or banking. Let’s look at some of the differences between debit and credit – In […]


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