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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 …

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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: …

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Characteristics of the mixed economic system

The main characteristics of the mixed economy are described below: Personal property ownership Personal ownership is recognized on the property and other materials of production under a mixed economy. Under a mixed economy, every person can enjoy possession of the property and transfer it to others. But the private ownership …

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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 …

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The effects of coronavirus pandemic on world economy | COVID-19 business impact

The effects of coronavirus pandemic on world economy : What did this COVID -19 bring to the global economy instead of progression? Stagnation ( L,U,V curve on economics type): It defines that a prolonged period of little or no growth in an economy . Besides, if the economic growth is …

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What is competitive intelligence and Why it is important for firms?

What is competitive intelligence? Competitive intelligence is the way of collecting information on the business environment, competitors, competitive products and services, and overall business industry. In short,  Competitive intelligence is a way of identifying competitive gaps between two competitors.   Is Competitive intelligence gather ethical? Yes.  Competitive practices are ethical and legal …

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Describe barriers in international marketing

Before describing barriers in international marketing, I would like to say what is international marketing. International marketing is the activity, institutions, and processes across national borders. It creates, communicates, delivers and exchanges offerings that have value for the stakeholders and society. In the case of international marketing, there exist a …

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Integrated Marketing Communications

Integrated Marketing Communications is one of the major tools for marketers. That’s why Integrated Marketing Communications is carefully integrating and coordinating marketing channels. Integration and coordination are important for delivering a clear, consistent and compelling message about the organization and its products. At the primary level, Integrated Marketing Communications ensure …

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