What Is an ENSO Event and What Conditions Contribute to Its

question 72

Essay

What is an ENSO event and what conditions contribute to its occurrence? What effect does an ENSO event have on the global environment, and how does it manage to have such far-reaching impacts?

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Definitions:

Net Loss

The amount by which total expenses exceed total revenues for a business over a specific period.

Withdrawal

The act of removing funds from an account, or the act of taking out resources or assets from a business by an owner for personal use.

Capital

The wealth, either financial or physical, that is used by a business to produce goods or services.

Income Summary

An account in which the revenues and expenses are temporarily recorded to calculate the net income or loss for a period, before transferring to the capital account.