Sole Proprietorship : Advantages, Merits and Importance

Sole Proprietorship : Advantages, Merits and Importance

One man’s business is best in the world, if that one man is big enough to manage everything. Meaning of Sole Proprietorship Sole trader-ship (proprietorship) is that form of business organisation whose owner is just one person, who is called the sole trader. This person invests capital in the business, and is solely responsible for all the profits and losses of the business. The same personals the manager and organizer of the business. Advantages, Merits and Importance of Sole Proprietorship…

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Sole Proprietorship : Definition and Its Characteristics

Sole Proprietorship : Definition and Its Characteristics

Introduction to Sole Proprietorship Sole trader-ship or proprietorship is the oldest form of business in all the countries of the world. Along with the progress of business its form has also been changing. But due to its simplicity, quick formation and easiness, this form is the most popular and in practice in the world. One man’s business is best in the world, if that one man is big enough to manage everything. Meaning of Sole Proprietorship Sole trader-ship (proprietorship) is…

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Marginal Utility : Definition and Classification

Marginal Utility : Definition and Classification

Definition of Marginal Utility Marginal Utility is the utility which is derived from the consumption of an additional unit of a commodity. In other words, it is the addition to total utility, resulting from adding one unit to the consumption of a commodity. Example : Ram consumes 6 ice creams at a time. In this case, 6 ice creams will be the marginal unit and marginal utility derived by him from adding one unit to the consumption of a commodity.

Utility – Concept and Characteristics of Utility

Utility – Concept and Characteristics of Utility

Meaning of Utility Utility means the power that satisfies any want. It is such an internal quality; which is found in all commodities desired by a person. The quality (power or capability) of commodity which satisfies the human want; directly or indirectly is called Utility. Those commodities, which have wants satisfying power are called ‘Useful Commodities‘.

Macro Economics – Importance, Limitations and Difficulties

Macro Economics – Importance, Limitations and Difficulties

Meaning of Macro Economics The word macro means big. Thus, in Macro Economics, either the whole economy is studied or those big units which are related to the economy as a whole. Definition In the words of Prof. Boulding Macro Economics deals not with individual quantities as such but aggregates of these quantities, not with individual incomes but national income, not with individual output but with national output. Thus, macro economics studies the various groups related to the whole economy, like,…

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Micro Economics – Importance, Limitations and Difficulties

Micro Economics – Importance, Limitations and Difficulties

Introduction to Micro Economics In the present times, the study of economics is done from two viewpoints namely Micro and Macro. From the first viewpoint, the economic problems of various units, like – individuals, families, firms etc. are studied individually, whereas; from the second viewpoint, the same units of persons, families, firms etc., are studied in a combined form. Micro Economics is concerned with a specific, particular or an individual whereas; Macro Economics is concerned with a group. Meaning The word…

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9 Essentials From Semalt To Give Your SEO A Boost

9 Essentials From Semalt To Give Your SEO A Boost

The web always comes in handy although most people surfing tend to limit their options to the first page of results that show up on Google (or any other search engine). As such, your company must either be involved in an ardent SEO campaign or pay-per-click advertising. If SEO is done right, you’re guaranteed a good ranking. Michael Brown, the Customer Success Manager of Semalt, elaborates on tips to help you with the SEO strategy.