Finance FAQs

What are the differences between absolute advantage and comparative advantage?
Absolute advantage and comparative advantage are two basic concepts to international trade. Under absolute advantage, one country can produce more output per unit of productive input than another can. With comparative advantage, if one country has...... More »
Why do prices tend to up?
Because of the increasing inflation level ...... More »
What is meaning of market economy?
The meaning of a market economy is in which the decision and production are made. The consumption of goods services are based on voluntary exchange in markets. ...... More »
What is inflation?
It is when the price of everything starts going up. Often an outside stimulus can start a cycle of inflation. The price of goods and services is going up because of an over supply of money. As the amount of money in wallets increases so d...... More »
In accounting, are assets a permanent account?
Assets, Liabilities, and Stockholder's Equity are all permanent accounts. ...... More »
What is BOP?
It is called as Balance of payments - an economic term. (BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specifi...... More »
What happens to unsold newspapers?
They are picked up by the delivery driver and transported back to the distribution center where they are kept for recycling. ...... More »
What is the difference between Consigner and Consignee?
Consigner is the person who is the owner of the goods and who deliver the goods to the consignee. Consignee is the person who receives the goods and he just possesses the goods and not the owner. ...... More »
What is meaning of invoice?
Invoice is a statement which contains the under mentioned details compulsorily. 1. Invoice Number 2. Invoice date 3. Name and address of the person 4. Name and address of the person to whom invoice is made (Buyer...... More »
What is marginal cost?
The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce that output. More formally, the marginal cost is the derivative of total production costs with respect to the level of output. Marginal cost a...... More »