Non-Current Assets

Intangible Assets (Industrial property-Acc.dep.of in.prop.)

Property, Plant and Equipment (Build.+furnit.+tech.equip-Acc.dep.of each.)

Investment Property (Inv.build.-Acc.dep.inv.build-impair.inv.prop.)

Non-current Financial Assets(Non-c.inv.in equit.instru.)

Deferred Tax Assets (“)

Current assets

Inventories (Merch-impair.merch+adv.to suppliers.)

Trade and Other Receivables (Trad.receiv.+receiv.+tax.receiv.-imp.trad.receiv.)

Other Current Assets (prepaid exp.)


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Benefits and disadvantages of specialisation

Advantages:-Enables increased output: as the production is

more efficient, with the same resources the output is maximised

-Consumers have access to a greater variety of higher-quality

products from across the world

-Specialisation and international trade increase the size of the

market, allows economies of scales, increases the GDP

-Leads to a greater efficiency which leads to production being

carried out by the most efficient producers

Disadvantages: A country

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Agricultural landscapes are areas of
countryside transformed by primary sector activities (also the ones adapted for hunting and inhabited areas transformed by humans for economical activities)
PLOTS are pieces of land For agricultural plots, it is important to consider
- Shape whether they are uniform (rectangular, round, etc.) or irregular Uniform – plots are common in recent farming areas as the centre of the United States). Irregular plots are common in regions that
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Government as a producer:
Essential goods and services 
Merit goods
Public goods
Control monopolies
*Government as an employer:
Unemployment rate=(number of unemployed%labour force)x100
Full enployement: situation were most people have a job but there are enough people out of work to prevent wages from starting to rise at an increasing rate
people are happier, but at the same time there must be unemployed so wages don’trise a lot 
Dealing with unemployment:
Temporary: publicise job vacancies
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 Corporate Social Responsibility (CSR): It is defined as a way by which a corporation maintains a balance among social, economic, and environmental responsibilities in its activities in order to address shareholder and other stakeholder expectations. Also, CSR gives an image that both business and society are inter-related and hence, it can be expressed via 3 principles: Legitimacy Public Responsibility Managerial Discretion...Legitimacy (The principle of legitimacy refers to grants given by Read More

Finance for development

  • Financial system and economic devp: fin system: demand for fin services comes from activities of nonfin firms(real sector), Monetary policy in dev: regulate economic activity and inflation,
  • ↑ supply $ -> ↑ loanable funds -> more investments + ↓ i/r
  • Why dev different? They have highly organized, economically interdependent and efficient functioning(spatially fragmented) money and credit markets. Consistency&uniformity in i/r across different sectors®ions
  • Constrained by the openess
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