Nature of Economics

Nature of Economics

Economics is a social science that deals with the economic activities of people. People have unlimited wants, but the resources required to satisfy these wants are limited. The scarcity of resources in the presence of unlimited wants gives rise to all economic activities. If the resources were no...

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Introduction to Accounting

Introduction to Accounting

Meaning of Accounting Accounting is an information system of identification, measurement, recording, and reporting of economic events or transactions of an organization to internal and external users. Accounting is a process of the following 4 (four) activities: 1. Identification: Identi...

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