Myjob Academy

MyJOB Academy Director RAM PANDE SIRS INTERVIEW PUBLISHED IN MYCAREER MAGAZINE.

PAGE:6(1) BALANCED BUDGET: a budget is said to be a balanced budget when the current income equals to current expenditure. (2)BALANCE OF PAYMENTS: refers to the relation between the payments of all kinds made from one country to the rest of the world and its receipts from all other countries.

PAGE:5 -1. BACKWARD INTERGRATION - the expansion of a business which takes the form of acquiring control over firms supplying it with its raw materials. 2. BACKWARD LINKAGE - refers to relationship between an industry or firm and the suppliers of its inputs. A changes in the output of the industry will get transmitted backwards to the suppliers of its inputs by changing the demand for inputs.

PAGE:4 ARBRITRAGE
it is a speculative activity.Its seeks to make profit out of difference in prices of a security in two markets. If the price of a certain share is higher in one market than in another, the speculator wil purchase them in the cheaper market and sellin the dearer market.

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Appreciation:
An increase in the value:
1] of stocks and shares when therir prices rise on the stocks exchange; 2] of a currency when its value increases in terms of other currencies;
3]of stocks helds by manufactures and merchants during a period of rising prices.

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Page 2:
b]Administered Prices:
A price set not by the force of demand and supply but by some
authority like the government or a regulatory authority.

c]Ad Valorem Tax:
A duty,which imposed on commodities in proportion to their value i.e.,a duty , which is expressed as a percentage and not a flat amount.

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GLOSSARY-ECONOMICS & BUSINESS:
a] Absolute Monopoly: Means the control of the entire output of a commodity or service, for which there exists no substitute, by a single producer or supplier. This kind of situation rarely arises in real life. It is also known as pure monopoly or perfect monopoly.

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