Globalization: Definition, Features, Merits & Demerits
Posted inEconomics Government & Politics

Globalization: Definition, Features, Merits & Demerits

Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels. The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.
Difference Between Privatization and Commercialization
Posted inDifference 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.
Fair Value – Definition, Features & Calculations
Posted inFinance

Fair Value – Definition, Features & Calculations

The fair value is for which a financial asset can be bought or a financial liability settled on a specific date between two parties (buyer and seller) who are independent from each other and are experts in the field and who know how to act freely and prudently under conditions. market.
Basic Principles of Government
Posted inGovernment & Politics

Basic Principles of Government – Meaning & Definition

Principles of government are basic truths or laws, which guide the study and practice of politics and government. They are developed by political theorists and writers based on their experience or observation of the political process but these principles have come, to be accepted over the years by scholars and practitioners alike as indispensable and essential to understanding political phenomena.