LetsLearnFinance

Advantages and Disadvantages of Market Economy

Vinish — Sat, 26 May 2012 02:40:52 +0000

Market economy system refers to that economic system where the price of goods and services are determined by forces of supply and demand and government has no intervention in deciding the price of any good or service. Given below are some of the advantages and disadvantages of market economy – Advantages of Market Economy Since [...]

Difference between Durable and Non Durable Goods

Vinish — Thu, 24 May 2012 02:40:59 +0000

Durable and non durable goods are the terms which are used in the context of economics. To understand both the term better one should know the differences between the two, given below are some of the differences between durable and nondurable goods – Durable goods are those which do not wear out easily and therefore [...]

Limited Liability Meaning

Vinish — Tue, 22 May 2012 03:00:32 +0000

The phrase limited liability is used in the context of partnership and company, when 2 or more person decide to do business in partnership than one of the partner may decide to have only limited liability, similarly when a company is listed on stock exchanges the shareholders of the company also have limited liability to [...]

Features of Installment Purchase

Vinish — Sun, 20 May 2012 03:00:20 +0000

Installment purchase is perhaps the most popular marketing technique of companies because majority of people are unable to pay full amount of purchase done by them and in order to lure them almost all companies offer this facility to its customers. Under this system of purchase the buyer acquires possessions of the goods immediately at [...]

Difference between Warranty and Guarantee

Vinish — Fri, 18 May 2012 03:00:47 +0000

While buying a product majority of consumers looks for durability of product, in simple words they want to know whether or not a product will work for long period of time and if that product is defective than whether the producer of a product is willing to repair or replace that product. However people are [...]