DMPQ: Define following term ( Eco) a) Current account b) Capital account c) Balance of payment d) Trade balance

Current account:       Current account refers to the account maintained by every government of the world in which every kind of transaction is shown, this account is maintained by the central banking body. Current transactions of an economy in foreign currency all over the world- export, import, interest payments, foreign investments in share.   Capital account:         … Read more

DMPQ: Explain the following terms:(Science)

A) Patents: This refers to innovations – new or improved product and processes which are meant for industrial applications.  This is a territorial right which requires registration for a limited time.  Patent is a contract between an inventor as an individual and the society as a whole.  The inventor has exclusive right to prevent anybody … Read more