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What is the Full Form of GDP?

GDP - Gross Domestic Product

GDP is the market value of various goods and services which are produced in any country within a given period of time. 

GDP is the measure of economic performance of any country.

We can say that the country with good GDP number can be considered better in terms of economic growth.

GDP  is the measure of the value of total production in a country and can be used or considered as an indicator of the economic health of the country

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Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.

SOP to WL terms

The List of Abbreviations used in Pharmaceutical Industry

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The last chapter of the list of abbreviations used in pharmaceutical industry is chapter number ten. Other important meaning and terms are given here. so check out all the terms one by one.

What is Market economy ? Advantages and Disadvantages of Market Economy

Check out Advantages and disadvantages of market economy (capitalism) given below. So let us find out some points on advantages and disadvantages to know more about market economy. This type of economy is nearly free fro governement interference, Economy is based on private ownership where individual control the production, distribution and sales of goods and services.

GCLP to HVAC terms

The List of Abbreviations used in Pharmaceutical Industry

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In the fifth chapter of the list of abbreviations used in pharmaceutical industry know some more meaning of useful terms. They are given below so find out one by one.

POS Full Form in Banking

POS : Full Form in Banking , its information and meaning is given below. So let us find out some details on full form of POS used in banking.

The full form of POS in banking is Point of Sale. The term POS is the place where the customer executes payments for the services as well as goods and where the taxes may become payable.

POS can be considered as a combination of devices as well as software that merchants uses often to record and complete sales transaction.

Full Form of TDS

TAX Deducted at Source (TDS) is one of the mode of collecting Income Tax in India which is deposited in the government treasury, it is the revenue collected at the source of income.(Other full form of TDS is Total Dissolved Solids , which is a measure of combined content of organic as well as inorganic substance in a liquid such as water.)

Advantages and Disadvantages of Globalization

Get Advantages and Disadvantages of Globalization (Globalisation) discussed below. Let us check out some information on advantages and disadvantages to know about globalization. 

Advantages of Globalization are :

International trade becomes easier with the help of globalization. 

It becomes easy to communicate across the boundaries for promoting busines with the help of globalization.

Because of Globalization it becomes easy to travel all around the world.

What is traditional economy ? Advantages and Disadvantages of Traditional Economy

Find some Advantages and Disadvantages of traditional economy. So let us check out information on advantages and disadvantages to know more about traditional economy.  In this type of economic system every person has a specific role in the society that is defined by its customs and traditions, traditional economy is based on simple industry and agriculture.