Zero-Based Budgeting (ZBB)

Definition: Zero-based budgeting (ZBB) is a systematic cost management process which emphasizes on efficient allocation of the income to the fixed expenses, variable expenses and savings; such that the difference between income and expenditure nullifies. The purpose here is to eradicate extraneous business expenses. It can be practised at regular intervals, some prefer to prepare […]

Asset Liability Management (ALM)

Definition: Asset Liability Management (ALM) is a strategic framework that emphasizes on settling the liabilities through the company’s cash flow and assets to avoid any sort of penalty or interest on delayed payments or non-repayments of such debts. It ensures stability, higher gain, liquidity, better return to shareholders, proper fund allocation and lower risk of […]

Market Economy vs Command Economy

The market economy is considered to be an essential factor for the growth of trade and commerce in a country. While command economy, on the other hand, is essential for the overall development of the nation. However, today many nations prefer to have a blend of market and command economy. This mixed economy facilitates the […]

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