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 Economic Development and it's indicators > Economic Development shows positive qualitative Change in the multidimensional aspects of an economy such as reduction of people poverty , inequality , and unemployment along with economic growth. > In Modern Days , the concept of economic development also includes improvement of quality of life through cleaner environment better education , good health and nutrition. > Economic Development is the process in which People in a country become wealthy healthy better educated and have greater access to Good quality housing. Indicators of Economics development 1. Per Capita Income: In terms of this indicator's , development is said to take place if the growth rate of nation exceed the growth rate of population. It reveals that the the country is better off gradually and the availability of goods and services has increase. 2. Physical quality of life index [ PQLI ] PQLI is common indicators of development. PQLI is measured on scale...

  Multinational companies with their roles and importance Multinational companies Multinational companies which is also called global or trans-national corporation owns and manages business in two or more countries. Some of the multinational companies with their headquarters are 1. Google - United States of America 2. Apple - united states of America 3. Microsoft - United States of America 4. Nokia -.Finland 5. Sony - Japan 6. DHL - German  7. Nestle - Switzerland Above are the some of the multinational companies which are operating their business in more than two or more countries. Role and importance of Multinational companies: 1. It helps to mobilize capital and transfer technology and management skills to developing countries through their subsidiaries. 2. It helps to provide employment opportunities to large number of people as it is operated in more countries, so many people from different parts of country will get employment opportunities. 3. It creates an environment o...

 Meaning of Bank Cash Book with it's important and accounts involved in bank cash book. Meaning  Bank cash book is multi column ledger prepared by operating level government offices to keep the records of cash and banking transactions. It helps to prepare record of cash account , bank account , budget expenditure account , advance account , and miscellaneous account. Previously , it was prepared under A.G.F No 5 but currently it is prepared under A.G.F No 209. Importance of bank cash book 1. It helps to make systematic and permanent record of cash and banking transactions. 2. It helps for easy audit making in the book of account. 3. It controls over cash and banking transactions. 4. It provides information on cash account, bank account, budget expenditure, advance account, and miscellaneous account.   Accounts involved in Bank cash book  1. Cash account: Cash account is used for recording cash transactions of the government offices. It has two columns. The debit colu...

 What is Insurance ? Importance and it's types Meaning of Insurance; Life is full of risks and uncertainties. This risk cannot be measured completely but can be measured With the help of insurance. Insurance can be defined as agreement between insured and insurance company in which insurance company agrees to compensation in case of loss or expiry of time period in consideration of insurance premium. Important of insurance   1. It's Provides Economic protection to the insured. 2. It helps to promote Foreign trade. 3. It's Helps to operate business smoothly by providing financial compensation in case of loss or damages to the properties of the business. 4. It helps to reduce inflation. 5. It helps to provide capital in form of premium form various persons and organizations. Types of Insurances : 1. Life insurance 2. Non - life insurance 1. Life insurance : Life insurance is the written contract between insured and insurance company in which insurance company agrees to give c...