where did oil come from
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where did oil come from

In 1946, the famous British economist J.R. hicks, in value and capital, developed the concept of income into a general concept of economic gain. He argues that the real purpose of computing revenues is to make people aware of the amount of money they can spend without making them poorer. Accordingly, he gave a generally accepted definition of "the maximum amount of consumption that a person can spend at the end of the term, at the same level of prosperity". Hicks's definition, though primarily for personal gain, applies to businesses as well. In the case of the enterprise, according to this definition, the enterprise income can be understood as the maximum amount that can be allocated in the enterprise cost accounting period under the same amount of capital at the end of the term and the beginning of the period. It said the budget crunch was necessary to undermine Britain's fiscal position in the wake of the 2008 financial crisis. But the fund questioned whether the fiscal sector relied on spending cuts to reduce the deficit, adding that it should be seen as part of further measures. Understand different connotation of interest rates, will help us for the financial concepts of interest rates has a more deepen understanding, especially the formation, change and derivatives need to be determined by the market, this is a very key factor.