ECONOMY
Variance Inflation Factor
The variance inflation factor (VIF) is a measure of how much the variance of a coefficient in a multiple regression model is inflated due to the presence of perfect collinearity among the independent variables. Formula: VIF = 1 + n * Rยฒ where: VIF is the variance inflation factor n is the number of independent […]
Seasonality
Definition: Seasonality is a phenomenon that describes the variations in various natural and human phenomena that occur across distinct seasons of the year. Key Concepts: Annual Cycle: Seasonal variations occur over the course of a year, typically in relation to factors such as climate, plant growth, animal behavior, and human activities. Tropics: In the tropics, […]
Egalitarianism
Egalitarianism Egalitarianism is a moral philosophy that advocates for the principle of equality of opportunity and outcome. It argues that all individuals should have the same chances to achieve their full potential. Key Principles of Egalitarianism: 1. Equality of Opportunity:– Emphasizes that all individuals should have equal access to resources, education, healthcare, and other opportunities. […]
Stamp Duty
Definition: Stamp duty is a type of indirect tax levied on certain documents, instruments, and transactions. It is a fee paid to the government as a charge for the privilege of using certain documents or engaging in particular transactions. Purpose: To raise revenue for the government. To discourage certain transactions. To provide funds for specific […]
Gross National Product (Gnp)
Gross national product (GNP) is a measure of a country’s total output of goods and services in a particular period of time. It includes all domestic and foreign production and is used to track a country’s economic health. Here’s a breakdown of GNP key points: Definition:– GNP is the sum of all goods and services […]
Human Capital
Definition: Human capital is a fundamental asset of a nation that consists of the knowledge, skills, abilities, and health of its people. It is an intangible asset that includes factors such as education, training, experience, and innate abilities. Key Components: Education: Formal or informal learning experiences that impart knowledge, skills, and abilities. Skills: Acquired abilities […]
Disbursement
Sure, the meaning of the word “disbursement” is: Disbursement: The act of distributing money or other assets to someone. It is also the amount of money given to someone as payment or settlement. Here are some examples of usage: The company issued a disbursement of funds to all employees. The government made a disbursement of […]
Demonetization
Demonetization Demonetization is the process of removing a website or app from the Google AdSense program. This can happen for a number of reasons, including: Policy violation: If a website or app violates Google AdSense policies, such as displaying adult content or engaging in deceptive marketing practices, it can be demonetized. Low quality content: If […]
Bill Of Entry
A bill of entry is a document that formally declares the entry of goods into a country. It is usually required by customs authorities as a part of the customs clearance process. Components of a bill of entry: Name of the importer: The name of the importer who is bringing the goods into the country. […]
Exports
exports is a special keyword in JavaScript that is used to define a module’s exports. It is a read-only object that contains the properties that are exposed by the module to the global scope. Syntax: exports = { // Properties: prop1: value1, prop2: value2, …}; Example: exports = { name: ‘John Doe’, age: 30, sayHello: […]
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