Merits and Demerits of Socialism

Socialism is a social and economic system refers to common ownership over the mean of production of state. It is believed that socialism is a system evolved against the injustices of industrial era. Marxist and non-Marxist both agreed that socialism is reaction of...

Correction of Balance of Payments

Correction of Balance of Payment is a long term objective. Economies need strong and consistent steps to handle deficit Balance of Payment. BOP comprises of current account, capital account, unilateral transfer account, official reserve transaction account. These...

Types of Teams

The rate of teamwork is now growing day by day in most of the organizations. Now people do prefer to work in teams in order to generate effective outcomes. In fact, by working in teams innovative and unique results do arises which tend to be fruitful for our...

Principles of Taxation or Cannons of Taxation

An obligation on people and businesses of a country by the government is called taxation. Since ancient times, governments have been collecting revenues form their population in different forms. It was necessary in order to meet the different expenditures which the...

Teamwork Defined

In today’s workplaces, where the motive is to gain the competitive edge and to obtain the best potential outcomes, the trend of teamwork is enhancing and flourishing day by day. The organization where work is based on individual characteristics is now not...