Examlex
If a drawee refuses to pay an unaccepted draft,the draft is dishonored,and the drawee becomes liable for refusing to pay it.
Income Distribution
The way in which a country’s total GDP is spread amongst its population, affecting economic equity and quality of life.
Value Added
The increase in the value of a product or service as it passes through each stage of production or supply chain.
Marginal Productivity
The extra output or benefit gained from increasing one unit of a particular resource while keeping other resources constant.
Income Distribution
The way in which total income is divided among individuals or households in an economy.
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