Examlex
Purchase and payroll transactions account for the major expensincurred by a business, and so are a major component in the determination of profit, and also relate to the acquisition of major classof asset including inventoriand capital assets.
China
A country in East Asia, known for being the most populous nation and having one of the world's largest economies.
Economy
A system through which the production, distribution, and consumption of goods and services are organized and managed in a particular area or country.
Communists
Individuals or parties that advocate for a classless society in which the means of production are owned communally and private property is nonexistent or severely curtailed.
Theory
A system of ideas intended to explain something, based on general principles independent of the thing being explained.
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