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what is the concept of the developmentthe concept of the developmentdevelopment is a complicated multi-dimensional concept to do along with
world trade organization an international economic organization based in geneva switzerlandformed in 1995 which is dedicated to promoting greater
q what is working of world bankan international financial organization formed after world war ii and based in washington dc its supposed purpose is
working capital a business requires a certain revolving fund of finance to pay for regular purchases of initial labour raw materials and other inputs
wealth tax a tax in that owners of specific forms of wealth likereal estate financial wealth or inheritances should pay a specified proportion of
wage labour a form of work in that employees perform labour for others under their direction in return for salaries orwages employer controls and
value addedvalue added in a particular stage of production equals value of total output less the value of intermediate products comprising raw
q what is unit labour costunit labour cost how much an employer pays for labour needed to produce each unit of a good or service unit labour cost can
unions are organizations of working people which aim to bargain collectively with employers in order to improve workers bargaining power regulate
unemployment individuals who want to be employed and are actively seeking work but cant find a job are considered lsquoofficially unemployed
transfer payments governments typically redistribute a share of tax revenues back to specified groups of individuals in form of several social
q what is tradeable producttradeablea product a service or good is tradeable if its purchaser can purchase it far away from the place where it is
terms of trade the ratio of average price of a countrys exports to average price of its imports is its terms of trade theoretically an improvement in
taxes compulsory government levies collected to pay for public spending there are numerous types of taxes corporate income wealth sales
tariff a tariff is a tax imposed on the purchase of imports it is generally imposed in order to stimulate more domestic production of the product in
q define government surplussurplus governmentits a government surplus exists when a governments tax revenues surpasses its total spending including
surplus anysector or agent in economy business householdor government experiences a surplus when its income surpasses its expendituresurplus economic
structuralist economicsits a form of heterodox economicsthat emphasizes relationships betweenincome distribution effective demand and political and
stock market a place where shares of joint stock corporations are sold andbought most modern stock markets no longer have a physical presencehowever
q explain about social-democracysocial-democracyits a reformist political strategy that aims to win certain improvements in social and economic
shares financial assets that represent ownership of a small proportion of total equity or net wealth of a corporation shares can be sold and bought
securitization a process in that financial relationships like loans are converted into financial securities or assets like bonds that can be bought
return on equity its a measure of business profitability equal to net after-tax income divided by average level of shareholders equity in the
q what do you meant by retained earningsretained earnings business profits that arent distributed to shareholders by dividends or other pay-outs
q what do you meant by relative povertyrelative poverty a measure of poverty based on an individual or familys relative income compared to overall