Difference between civil service and public corporation: It can be very difficult to differentiate between the civil service and public corporation without clearly understanding their meaning. Many people even use the two words interchangeably … [Read more...]

Differences Between Morals and Ethics: You may have come across the terms “morals”  and “ ethics” once, twice or numerous times . It may also be that you have heard these terms and wondered what the difference are. In fact, it is not uncommon for a … [Read more...]

Factors That Promote a Good Value System: Values are principles or standards of behaviors one’s judgement of what is important in life. They are the important enduring beliefs or ideals shared by the society about what is good or bad, desirable or … [Read more...]

Forms of Business Organization: A business organization is an entity that uses economic resources or inputs to provide goods or services to customers in exchange for money or other goods and services. There are several sorts and styles of commercial … [Read more...]

Advantages and Disadvantages of a Monopoly: Companies or businesses that control and dominate the market are known as monopolies. Either a company with a pure monopoly (100%) or one with monopolistic power (greater than 25%). Lower consumer surplus … [Read more...]