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Balance of Power Is the Concept That No One Power

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Balance of Power is the concept that no one power or coalition of power should be allowed to gain dominating power as to be able to dictate the terms of the relationship among nations.This is done by


Definitions:

Accounting Equation

The accounting equation is a fundamental principle of accounting that states that assets equal liabilities plus equity; it forms the basis for double-entry bookkeeping.

Owners' Equity

Represents the amount of capital that the owners or shareholders have in the company after deducting liabilities from assets.

Assets

Resources owned by a business or individual, considered valuable because they can be used to produce goods, services, or generate revenue.

Liabilities

Refers to the financial obligations a company owes to outside parties, including debts, loans, and other forms of financial responsibilities.

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