Distinction between Microeconomics and Macroeconomics

Microeconomics is the study of individual economic units of an economy whereas macroeconomics is the study of aggregates of an economy as a whole. For example, when we study of an individual sugar mill manufacturing sugar, our study is micro...

Essentials of a valid Contract

Essentials of a valid contract. What is a contract? A contract is an agreement that can be enforceable by law.   An agreement is  an offer and its acceptance.  An agreement which can be enforceable by law must have some essential elements....

Why Malayalee Pentecostals not wear Ornaments

Importance of Planning

The importance of the planning function should have be clear to you.  We can outline the importance of planning function as follows: Provides Direction: Planning provides a clear sense of direction to the activities of the organization and to the...

Functions of Leadership

Leadership functions of a manager are related with his managerial functions.  The leaser as a manger has to set the group goal, motivate and inspire subordinates, make plans, and supervise performance.  Over and above these managerial functions he...

Elements of Promotion Mix or promotional mix

Integration of all the elements of promotion mix is necessary to meet the information requirements of all target customers.  This simply means that the promotion mix is not designed to satisfy only the prospective buyer or only the regular buyer. ...

How Leadership influence in group Management goals

Leadership is one of the core function of the Management. The management has to get the work done, for that Managers use their Leadership Quality.   Manager can issue orders and instructions to his subordinates.  It is through the leadership role...

Hard work pays off

Many times people say that not "hard work" but "smart work" is the key to success. To some extent they may be right. But we cannot avoid "Hard Work" completely.   Many videos and self help books which are trying to sell the idea of smart work...

What are the features to look for while buying a hot water heater or kettle

Now a days it is must to have a electric water heater or a kettle in your kitchen.  It is fast and easy way to heat water.  If you want some quick tea or coffee, it is better you keep one in your kitchen.  Now a days, automatic kettle is...

What is the Meaning and source of Mercantile law

Meaning and source of Mercantile law Mercantile law is a part of civil law. It governs and regulates the trade and commerce in the country. Mercantile law deals with the needs of a business man. This include laws relating to...