13. How would flexibility in labor laws help companies?
14. Differentiate between foreign investment and foreign direct investment
15. What are the types of money?
Answers
Ans13 :- Flexibility in labour laws will help companies in being competitive and progressive. By easing up on labour laws, company heads can negotiate wages and terminate employment, depending on market conditions. This will lead to an increase in the company’s competitiveness.
Ans14 :- Foreign investment :-
Flows of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets. Typically, foreign investment denotes that foreigners take a somewhat active role in management as a part of their investment.
foreign direct investment :-
A Foreign Direct Investment (FDI) is a controlling ownership in a business enterprise in one country by an entity based in another country.
Ans15 :- The following points may help you :-
a. Money is an important medium of exchange for any transaction between tow or more people.
b. It gives purchasing power to the individual and allows for the purchase of goods and services,
c. In earlier times, individuals used grains, cattle as money.
d. Later metal money, made up of gold, silver, bronze, copper coins were used.
e. As society advanced, paper money comprising of paper notes came to be used. Coins are also used . They are also known as fiat money.
f. Then there is also commercial bank money or also referred as demand deposits which are the deposits made by the people in banks can be withdrawn .
g. Fiduciary money where banks allows an individual to pay in any form like cheques.
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