Today, Value Added Tax is known as the Goods and Services Tax or GST in India. It applies to a product or service at different stages of manufacturing, distribution and sale where value is added. It is charged by the central government and is paid by end consumers who make a purchase.
Post Type Archives: Glossary
Variable Cost
Variable cost is a type of cost that changes in proportion to the level of production or sales, unlike a fixed cost. It includes operational costs such as raw materials, labour and other expenses that vary with the volume of output. For instance, for a manufacturer of leather shoes, the variable cost will include the …
Volatility
Volatility refers to the degree of variation or fluctuation in the price or value of an asset or investment over time in the financial market. It is commonly used to assess the risk and potential return of investments such as stocks, cryptocurrencies and commodities.