The benefits of public goods are available to all and are not only restricted to one particular consumer. For example, if a person eats a chocolate or wears a shirt, these will not be available to others. It is said that this person’s consumption stands in rival relationship to the consumption of others. However, if we consider a public park or measures to reduce air pollution, the benefits will be available to all. One person’s consumption of a good does not reduce the amount available for consumption for others and so several people can enjoy the benefits, that is, the consumption of many people is not ‘rivalrous’.
Why is global transfer pricing becoming increasingly important for multinationals?
How many financial centres are evaluated in the GFCI 36 report?
According to the IFSCA Circular on Debt Securities Listing (September 2024), under which sections of the International Financial Services Centres Author...
________ has become India’s first payment gateway to process the Reserve Bank of India’s Central Bank Digital Currency (CBDC) for online retai...
Which of the following Steps was not taken by the Indian Government during the Liberalisation process?
How much did the Account Aggregator (AA) framework facilitate in loans by March 2024?
For removal of the auditor before his term, the approval of __________ is required.
Significant initiatives have been introduced under Aatmanirbhar Bharat and Make in India programmes to enhance India’s manufacturing capabilities and ...
Which Indian bank became the first major bank to join the Partnership for Carbon Accounting Financials (PCAF)?
What does non-arm's length companies mean in the context of transfer pricing?