Single Euro Payments Area (SEPA)
Posted inEconomics Finance

Single Euro Payments Area (SEPA)

The Single Euro Payments Area (SEPA) is a collective association created in Europe that allows companies, individuals and public bodies to make payments in euros without using cash. These payments can be made using a single bank account for payment transactions in different part of Europe within the SEPA zone.
Posted inBiography Economics History Studies

William Stanley Jevons | Biography, History, Theory & Political Economics

William Stanley Jevons was an English economist and logician, known for pioneering the Marginalist Revolution and for his use of the differential calculus in economics. William Stanley Jevons (1835-1882) was born in Liverpool to a wealthy merchant family. He entered  University College London , but due to the bankruptcy of the family businesses, he had to withdraw from studies and travel to Sydney, Australia to work for several years at the Mint.
Posted inGovernment & Politics

The Prime Minister and Cabinet in a Parliamentary Government

In a parliamentary system, a clear distinction is made between the head of  state and the head of government (Prime Minister), a executive and the executive. Here, the head of the state, King or Queen in Britain or President in India, possesses nominal or titular authority whereas the real authority rests with the government of which the Prime Minister is the head.