Commerce Blogs
Commerce includes all the activities right from manufacturing the products to selling it to the consumers.
elasticity of demand is derived to know how much quantity demanded changes for a change in the price of goods or services.
The Preamble of the Constitution serves as an introduction to the Constitution. Therefore, it secures justice, …
Bookkeeping is just part of the accounting process that handles the recording of transactions.
actors of production transforms those resources into different goods or services which is made available to the end user.
The income elasticity is measures the sensitivity of quantity demanded for a goods or services to a change in consumer’s income
Arbitration , one of a variety of methods collectively referred to as Alternative Dispute Resolution or …
A Non-Profit Organization is an organization established for the purpose of social welfare and the promotion of social arts and culture.
Accounting Conventions are a common method used as a guideline when recording commercial transactions.
Derivatives are financial contracts whose value is linked to the worth of the underlying asset
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Economics is a science that deals with the production, exchange and consumption of various goods in the economic system.
Money laundering is the process of converting the illegally earned money into legal money
Exchange Rate is the value of one country’s currency and another country’s or economic zone’s currency. …
Accounting is as old as money itself. As a child, commercial activities were based on barter systems, so record keeping was not necessary.
The law states that as a consumer consumes more and more units of a specific commodity, the utility from the successive units goes on diminishing.
In economics utility is the capacity of a commodity to satisfy human wants. Utility of a commodity is its want-satisfying capacity.
The relationship between output and cost is expressed in terms of cost function. The companies use cost function to minimize cost and maximize production efficiently.