Economics Questions and Answers

Public Limited Liability Company is defined as one which allows the public to subscribe for its shares. The number of shareholder range from seven to infinity i.e owners must be at least seven but there is no maximum number.

Circulating capital otherwise known as working capital is the money used for the day-to-day operations/running of the business. Circulating capital includes cash, operating expenses, raw materials, inventory-in-process, finished goods inventory, and accounts receivable. 

Mortgage banks are financial institutions that specialize in granting loans to individuals and corporate bodies for building purposes.

Want may be defined as insatiable desire or need by human beings to own goods or services that give satisfaction. Human wants or needs are many, and are usually described as insatiable because the means of satisfying them are limited or scarce.

Export promotion also called export drive is defined as any policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange. Such measures include: reduction of export duties, subsidy for export based industries etc.