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Showing posts from January, 2020

Banking

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Banking  is an industry that handles cash, credit, and other financial transactions.  Banks  provide a safe place to store extra cash and credit. They offer savings accounts, certificates of deposit, and checking accounts.          A  bank  is a financial institution licensed to receive deposits and make loans. ... There are two  types of banks : commercial/retail  banks  and investment  banks . In most countries,  banks  are regulated by the national government or central  bank

Transport

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Transport  or  transportation  is the movement of humans, animals and goods from one location to another. In other words, the action of  transport  is defined as a particular movement of an organism or thing from a point A to a Point B. Modes of  transport  include air, land (rail and road), water, cable, pipeline and space.             Transport  is  important  because it enables communication, trade and other forms of exchange between people, that in turn establishes civilizations.  Transport  plays an  important  part in economic growth and globalization, but most types cause air pollution and use large amounts of land.

E-commerce

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E-commerce  ( electronic commerce ) is the activity of  electronically  buying or selling of  products  on online services or over the  Internet . There are 6 basic types of e-commerce: Business-to-Business (B2B) Business-to-Consumer (B2C) Consumer-to-Consumer (C2C) Consumer-to-Business (C2B). Business-to-Administration (B2A) Consumer-to-Administration (C2A)

C2C

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Consumer to consumer markets provide an innovative way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service

B2C

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The term business-to-consumer (B2C) refers to the process of selling products and services directly between consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.

Business ethics

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Business ethics  is the study of appropriate  business  policies and practices regarding potentially controversial subjects including  corporate  governance, insider trading, bribery, discrimination,  corporate  social responsibility, and fiduciary responsibilities.

B2B

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Business to business also called B to B or  B2B , is a form of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business to business refers to business that is conducted between companies, rather than between a company and individual consumers.

Privatization

The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.       The  advantages  of transferring government-owned assets to the private sector are increased efficiency and profits, largely because competition incentivizes innovation and improvement. The disadvantages of  privatization  are decreased regulation and government revenue.

Poverty in India

Two-thirds of people in  India  live in  poverty : 68.8% of the  Indian  population lives on less than $2 a day. Over 30% even have less than $1.25 per day available - they are considered extremely poor. Causes of poverty in India: High population growth rate is one of  major reasons of poverty in India . This further leads to high level of illiteracy, poor health care facilities and lack of access to financial resources. ... Caste system and unequal distribution of income and resources is another  reason of poverty in India .

Globalization

Globalization  is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information The concept of Globalisation involves within its ambit the following features: Liberalisation: ... Free trade: ... Globalisation of Economic Activity: ... Liberalisation of Import-Export System: ... Privatisation: ... Increased Collaborations: ... Economic Reforms: ... Several dimensions of Globalisation:

Urbanisation

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Urbanization  is a word for becoming more like a city. When populations of people grow, the population of a place may spill over from city to nearby areas. This is called  urbanization . Maybe tall apartment buildings spring up on what had been the outskirts of town, bringing more people there to live and work. UPSCbuddy

Marginalized children

It is natural for those of us who work in  child  health to appreciate the links among social vulnerability,  marginalization  and health. ... They are  children  largely born into poverty and income disparity (with the vulnerability operating largely through associated social exclusion and discrimination). Characteristics of marginalized groups: Usually a minority group has the following characteristics 1) It suffers from discrimination and subordination. 2) They have physical and/or cultural traits that set them apart, and which are disapproved of, by a dominant group. 3) They share a sense of collective identity and common burdens. 4) They have shared social rules about who belongs, and who does not. 5) They have a tendency to marry within the group.

Liberalization