What are the major definition of economics?
What are the major definition of economics?
Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Economics is the study of the use of scarce resources to satisfy unlimited human wants.
Which definition best describes economics?
A standard definition of economics could describe it as: a social science directed at the satisfaction of needs and wants through the allocation of scarce resources which have alternative uses. We can go further to state that: economics is about the study of scarcity and choice.
Who is called as father of economics?
Adam Smith was an 18th-century Scottish economist, philosopher, and author who is considered the father of modern economics. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies.
What is the meaning of the word substantially all?
Definition of Substantially all. Substantially all means acquisition of 90 percent or more of all of the predecessor’s assets.
What is a substantially all conveyance?
All or substantially all means any conveyance, transfer, lease or sale of property or assets representing more than 75% of the Company ’s total assets or revenues, determined on a consolidated basis as of the date of the last audit after giving pro forma effect to the conveyance, transfer, lease or sale. Sample 1 Sample 2 Based on 2 documents
Does “all or substantially all” mean 90%?
The courts have clearly stated that even though it is the CRA’s policy that “all or substantially all” means 90%, this rule must be an “elastic not formulaic application.” In other words, as per the courts, the rule is not 90%.
What does substantially all unrestricted net assets mean?
Substantially all unrestricted net assets are designated to support academic, research, auxiliary enterprises or unrestricted funds functioning as endowments, or are committed to capital construction projects. Substantially all ” means acquisition of 90 percent or more of all of the predecessor’s assets.
