by kasi | Oct 31, 2010 | Economics
The above maxim reflects the true spirit of wisdom. It is better to listen from intellectuals than to speak unnecessarily. A person can widen his/her knowledge through listening. In an august gathering, it is recommended that one should listen attentively to other... by kasi | Oct 27, 2010 | Economics
Capitalism is the most common and modern social system, widely acceptable by advance economies. This system advocates for the principle of individual rights. The basic philosophy behind is “economic liberalism.” This School of thought believes that there should... by kasi | Oct 27, 2010 | Economics
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... by kasi | Oct 26, 2010 | Economics
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... by kasi | Oct 25, 2010 | Economics
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... by kasi | Oct 24, 2010 | Economics
Art is actually a representation of life in which an artist tries his/her level best to show the images of life. But an art is presented in such a way that nobody can imagine that it is unnatural, superficial or artificial. It is the skill of an artist that he/she...