Economics — Page 9 Of 13

Opportunity Cost: Definition, Features & Importance of Alternative Cost

Opportunity cost means the alternative foregone or sacrifice made in order to satisfy another want. It refers to the need that is left unsatisfied in order to satisfy another more pressing need.

StudyHQ September 9, 2021

Economics

Scale of Preference: Definition, Features, Necessity & Importance

Scale of preference refers to a list of individual wants in order of their relative importance. The drawing of scale of, preference will make it easier for choice to be made.

StudyHQ September 9, 2021

Economics

Effective Value – Definition, Features, Concept & Examples

The effective value is that market value obtained through the purchase or sale of a financial asset or right, such as credit instruments or bills of exchange. In the field of financial and stock market economics, the concept of cash value is frequently used. In practice, it is the value assigned to a financial instrument or right when it is transferred through a sale.

StudyHQ August 15, 2021

Difference Between Economics Government & Politics

Difference Between Privatization and Commercialization

Privatization is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc. while Commercialization is a state policy of making its companies, enterprises, parastatals, etc, more efficient and even more profit oriented. It will also make these organisations come up with efficient management of resources.

StudyHQ July 30, 2021

Difference Between

Difference Between Privatization and Nationalization

Nationalization is the transfer of a sector of the private economy into the hands of the State, whereas privatization means the sale of partial or total shares of a public company to private capital.

StudyHQ July 29, 2021