Analyst Questions

The causes for the French Revolution in the year 1780 includes Social, Cultural, Political, Financial and Economical.

The Progressive Era took place in the US from the 1890s to the1920s. The movement was an effort to reform the government andeliminate the corruption within it. Social activists also wanted toreform the educational system, the insurance industry, thechurches, and many other things they felt were out of control, andnot working in the best interests of the citizens.

In the year 1786, in US Shay's rebellion was a rebellion among the farmers of Massachusetts and significant because as it is one of the major factor which led to the writing of new US constitution.

The Business Entity concept is also called as Separate Entity or Economic Entity concept. This concept states that the transactions and all the balances related or associated with a business must be recorded or accounted separately from other businesses or the individual personal transactions.

Making Optimal decisions at the margin requires "Weighing the costs and benefits of a decision before deciding if it should be pursued".

There are basically two important phases in a business cycle that are prosperity and depression. The other phases that are expansion, peak, trough and recovery are intermediary phases.

Expansion is a phase in which, when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak.