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Nationalisation: Definition, Features, Example, Merits & Demerits

The term nationalisation refers to public ownership and control of business enterprises formerly owned by private interests. In other words, nationalization may be defined to as the taking over of transfer from private to state or government, and the ownership and control of business enterprises for economic, social and political reasons.

StudyHQ February 7, 2022

Economics

Trade Disputes: Definition, Types, Functions & Settlement

A trade dispute refers to any discontentment or dissatisfaction arising out of anything connected with the organization that any employee thinks or believes or feels is unfair, unjust or unequitable.

StudyHQ January 21, 2022

Economics

Public Enterprises: Definition, Features, Merits & Demerits

Public enterprises are business organizations that came into existence through appropriate enabling Acts of Parliament, or Decrees or Edicts in a particular country or state. They may be commercially-oriented or public service-oriented.

StudyHQ January 21, 2022

Economics

Wholesaler: Definition, Functions, Types, Merits & Demerits

The wholesaler is that person who obtains goods from the manufacturer in bulk and sells to the retailer in smaller quantities. He is therefore a vital link between the manufacturer and the retailer in the chain of distribution that is, he is the middleman.

StudyHQ January 18, 2022

Economics

Private Limited Company: Definition, Features, Merits & Demerits

Private Limited Company is a form of business organization that is privately owned by a minimum of two and a maximum of fifty members. By its nature of existence, it cannot offer its shares to the public for subscription.

StudyHQ January 12, 2022