Obtaining full employment:To obtain full employment and economic growth:
The fiscal policy to attain full employment and to sustain stable price in the economy has been developed in the latest past. The uselessness of monetary policy as a means to eliminate unemployment throughout the Great Depression paved the manner for the development of fiscal policy in attaining this objective. For accelerating the rate of growth, allotment of higher proportion of the completely employed resources is required. Those activities raise the productive capacity of the economy. Thus fiscal policy is employed through its tax instrument to encourage investment and discourage consumption therefore production might rise. It is also essential to raise capital formation by decreasing the high income tax on personal income. To raise employment, the state expenditure must be directed towards giving social and economic overheads. The state must undertake local public works of community development including more labor and less capital per head.
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The sole proprietorship is in which an individual is the sole owner of a business. These businesses are quite small in terms of size.
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The action to be taken relies on the size of the transformer that protective relays have operated, whether tripping is accompanied through loud noise, smoke or expulsion of oil from the transformer, etc.
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There is nothing to prevent a business generating a comprehensive set of financial statements for the interim period, even though considerations of cost and timeliness will generally make this not practical.
The main duty of an auditors is to report whether, in their view, the financial statements do what they are thought to do, namely to depict a true and fair view of the financial performance, position and cash flows of the company.
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