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Investment Definition and Its Importance

Investment Definition and Its Importance

An investment always concerns the outlay of some asset today (time, money, effort, etc.) in hopes of a greater payoff in the future than what was originally put in. What’s an Investment?Investing is putting money to work to start or expand a project – or to purchase an asset or interest – where those funds…

What to Produce, How to Produce and For Whom to Produce

What to Produce, How to Produce and For Whom to Produce

ADVERTISEMENTS:The Central problems of what and how much to produce; how to produce and for whom to produce are determined by the free price mechanism. (i) What to Produce:Let us consider the first question: ‘which commodities are to be produced and in what quantities? The commodities which do not command positive prices in the market…

A Step by Step Guide to Starting a Business

A Step by Step Guide to Starting a Business

Shutterstock/FlamingoImages You want to make sure you prepare thoroughly before starting a business, but realize that things will almost certainly go awry. To run a successful business, you must adapt to changing situations. Conducting in-depth market research on your field and the demographics of your potential clientele is an important part of crafting a business…

Amazing Small Business Trends and Predictions

Amazing Small Business Trends and Predictions

Credit: Leszek Kobusinski/Shutterstock Another year is on its way out, offering entrepreneurs an opportunity to reflect on the past year, with all its peaks and valleys, and plan for the upcoming year with those lessons in mind. Of course, business operations don’t happen in a vacuum, and business trends are always changing. Whether the changes…

Complete List of the Top Accounting Softwares Available

Complete List of the Top Accounting Softwares Available

There is a vast array of accounting softwares and financial management solutions, sometimes called bookkeeping software, on the market today, with specialized functionality for almost any industry or size of organization. Moreover, the specific type of accounting can differ between programs—project, fund and fixed asset are examples.Add to this variety the constant change of standards,…