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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…
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…
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…
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…
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….
Functions of Commercial Banks
The functions of commercial banks are ever increasing with changing demands and emerging technology. Commercial banking has a vast scope and increasing function day by day. Functions of commercial banks…
Direct and Indirect Taxes—Merits and Demerits
Direct Taxes All taxes paid directly to state authorities by the taxpayer are direct taxes, income tax, wealth tax, corporation taxes are the examples of direct taxes. These types of…
Classical Schools of Management
Classical schools of management, which gave birth to classical management theory during the industrial revolution, are now regarded as one of the vital theories for the effectiveness of an…
Quantitative School of Management
The theory emerged due to the consequences of WWII is none other than "Quantitative School of Management". The use of statistics, computer simulation & use of various models is used…
Behavioral Management Theory
Behavioral management theory emerged when employee behavior and motivation was ignored at the time of classical theory. In any organization, relationship is termed as an important set of areas that…
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