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Many Aspects of Modernization in Developing Countries,such as Migration to Urban

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Many aspects of modernization in developing countries,such as migration to urban centers,


Definitions:

Capital Budgeting

The process a business undertakes to evaluate potential major projects or investments.

Cash Flows

The comprehensive total of finances being transferred within and outside a business, affecting its ability to quickly convert assets to cash.

Erosion

The gradual wearing away or removal of land or material by natural forces such as wind, water, or ice.

New Product

An item recently introduced to the market that serves a particular need or niche, differing from existing products in some significant way.

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