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What is PFA? PFA stands for Please Find Attachment. If you are sending an email or a file on apps like WhatsApp, you can use the phrase or the short form to let the receiver know that one or more files are attached. You can attach your CV if you are searching a job. There are many more reasons to attach different types of files. The files of different forms can be attached like charts, images, audio, video, text, etc. Usage of PFA when sending Email There are many occasions where an attachment is included while sending emails. Some of ... Read More
What is MP3? MP3 stands for MPEG Audio Layer 3 developed by Moving Pictures Experts Group. It is a technology which is used to compress audio files without affecting their audio quality. Disk space used by the MP3 files is very low so a large number of audio files can be easily stored. You can store thousands of files and you also have the option of downloading them from different websites. A song file can be of 40 MB but when it is compressed to MP3 its size becomes 4 MB. An MP3 player is available by default in the ... Read More
What is ITES? ITES stands for Information Technology Enabled Services. There are different types of services that IT provides to different types of businesses and organizations. Some of these services include data processing, consulting, technical support, and many more. ITES can be used to fulfill different kinds of demands of an organization. here we will discuss some of the services provided by ITES. ITES Examples ITES has different types of examples and some of them are discussed here. BPO BPO stands for Business Process Outsourcing. The main job of BPOs is the outsourcing of different processes like customer service, accounts ... Read More
What is CPU? CPU stands for Central Processing Unit. It is the most important part of a computer as it acts as a brain. CPU is a device in which all data processing is done in different parts. Communication can be established between input and output devices with the help of CPU. Besides data processing, the CPU also handles the tasks of input, output, and data storage. Installation of the CPU is done on sockets which are located on the motherboard. History of CPU Vacuum tubes were used in the earliest computers called ENIAC and UNIVAC. Vacuum tubes processed data ... Read More
What is CDFS? CDFS stands for Compact Disc File System. When CDFS was not introduced, there was no medium to store memories. Users were not able to store compressed large files CDFS was introduced in 1999 and has the following features − It is a file system which is used for read-only and write-once CD ROMs Boot images and all tracks can be easily stored on a CD In the write-once media, users can replace, delete, and rename files CD-ROM cache is controlled by the VCACHE driver and this will help users to play their playlists easily History ... Read More
What is an Open Economy? An open economy is one that deals with other nations across borders in terms of trade of commodities, financial assets, and human workforces. In the modern world, almost all economies are open in nature. There are actually no closed economies because closing the border from international trade blocks the economy from thriving. There are three basic ways to illustrate the composition of open economies which are the following: Output Market An open economy can trade with other economies in services, commodities, and products. This relationship broadens the idea that a country’s manufacturers and consumers can ... Read More
Introduction: What is Planning? Planning is an activity every manager must resort to in order to set a path to obtain a goal in a given period of time. It includes defining some objectives, designing the paths to obtain the objective, and selecting certain paths out of numerous alternatives. Planning is not just a part of business, people need to plan in their day-to-day lives as well. However, it is mostly associated with commerce usually. Planning is a process of defining objectives for the future. However, there is always a timeline for planning because no one can plan for an ... Read More
Introduction: What is Opportunity Cost? Investors usually have more than one investment option but have to choose only one while leaving all other options. In this process, the investor has to lose the gain of the next best alternative. This potential loss an investor faces or the gain that is missed out for choosing one alternative to the next best one is known as the opportunity cost. Therefore, we may say that the value lost while choosing one option leaving the next best one is the opportunity cost. Investors choose an investment option thinking that it will provide the best ... Read More
Introduction Depending on the choice of customers to buy products when their prices go up or down, goods are categorized into two types - Normal and Inferior goods. Identifying the goods as normal or inferior helps companies judge the forthcoming demand and this may help them set strategic decisions according to the nature of the products. In general, there are many commonalities between normal and inferior goods. However, there are some distinct differences too. What are Normal goods? Normal goods are products whose demand in the market increases with the rising income levels of the customers. In other words, when ... Read More
Introduction Occupational structure refers to the framework of different occupations that build up the economy of a nation. Usually, in an economy, people are engaged in various professions in different proportions. All these professions make up the occupational structure of an economy. The occupational structure of different nations varies greatly in terms of professions. While developing nations like India have a considerable population engaged in agriculture, the share of technology and research is prevalent greatly in richer countries like the United States of America. Learning about the occupational structure of a country is important for various reasons. It shows whether ... Read More