Commercial Banks Meaning and Functions
by Commercial banks are the most important components of the whole banking system. A commercial bank …
Tag: Cost Control and Management Accounting Osmania University b.com Notes
Regional Rural Banks
Regional Rural Banks (RRBs) are Indian Scheduled Commercial Banks (Government Banks) operating at regional level …
E-Banking
Electronic banking has many names like e banking, virtual banking, online banking, or internet banking. …
Distribution and Factor Pricing
The modern theory of factor pricing provides a satisfactory explanation of the problem of distribution. …
Interest Theories: Gross and Net Interest, Classical Theory of Interest, Loanable Funds Theory, Liquidity Preference Theory
1. Productivity Theory: According to productivity theory, interest can be defined as a reward for …
Wages Theories: Subsistence Theory of Wages, Wage Fund Theory, Residual Claimant Theory and Marginal Productivity Theory
The workers are paid wages or salaries for the work done by them. Thus, the …
Quasi Rent Theory
The concept of quasi-rent was given by Alfred Marshall. He defined quasi rent as surplus …
Ricardian Theory
David Ricardo, an English classical economist, first developed a theory in 1817 to explain the …
Profit: Accounting and Economic Profit. Dynamic Theory of Profit: Risk-bearing Theory, Uncertainty Bearing Theory and Innovation Theory
The term profit has distinct meaning for different people, such as businessmen, accountants, policymakers, workers …
Theory of Marginal Productivity
In the words of J.B. Clark, “Under static conditions, every factor including entrepreneur would get …