Artificial intelligence is programmed to act like human brains. besides, it is associated with the human mind as decision making and problem-solving. In short, artificial intelligence is machine intelligence which can act like the human brain quickly in computer systems. Some specific application of artificial intelligence are – Natural language processing Expert systems Machine version […]
Year: 2020
The role of insurance in world economy
Insurance is becoming a vital part of the world economy. Besides, some developed countries like –Germany, France, England, Switzerland are used to use insurance in their regular life. The people of these countries have trust in insurance. So, there are so many insurance companies and people are relying on them. People are insured all […]
Sources of finance
Sources of finance are mainly dependent on various circumstances of the organization. Besides, Finance that needed to operate any kind of organizational activity is collected from various sources. However, These sources are mainly divided into two categories. Such as – Internal sources External sources Finance that is provided by any person or organization at its […]
Contribution of share market in industrial capital formation
Share markets are playing an important role in the formation of capital. Enough capital is very important to keep open and dynamic of new and existing industries. This share market is playing a very important role in the Formation of industrial capital and Financing of the industrial sector. Some contributions of share market are described […]
Objectives of public expenditure
The prediction of economists regarding expenditure objectives and the mission of public expenditure is expanding gradually. The specialist believes that the good fare of the country lies in expending less and earning less. Historically, it is proved that the economic and social welfare increased by public expenditure. Besides, there are some objectives of public expenditure […]
Causes of increase in public expenditure in recent years
Causes of increase in public expenditure in recent years are given below: Increase of population: The population all over the world is increased more than before. The government needs to expense a lot of money to meet the primary needs of this increasing population Increase of protection cost: In recent years, public expenditure is increased […]
Characteristics of foreign trade
Some important characteristics of foreign trade are described below: Exportation of raw materials : The main characteristics of foreign trade are exporting raw materials. The maximum number of exporting trade comes from raw materials and agricultural goods. Such as raw jute, fish, tobacco, tea, leather, etc. Importation of industrial products: Another characteristic of foreign trade […]
Characteristics of the socialistic economy
There are some important characteristics of the socialistic economy. These are – State ownership The main characteristics of the socialistic economy are the termination of private ownership of assets. There is private ownership over organization, land, and other materials of production. The state ownership is established overall assets of the country and all materials of […]
What are the Causes of inflation
What is Inflation? When the value of currency decrees against the regular price of the daily used products then it called Inflation. Inflation is a complex economical problem. There is the various reason for inflation. The major reasons are described below- Increased supply of money: The major reason for inflation has increased the supply of […]
Disadvantages of Globalization
The original scenario of globalization is different. according to world economists,globalization is a part of capitalism. Globalization is the power of consumerism and aggression to the third world country. Underdeveloped and developing countries are suffering from fear of globalization. Some disadvantages are described below: Economic exploitation: Under the globalization process, underdeveloped countries are exploited by […]
