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In economics and finance, liquidation is the procedure of taking a business to the end point and delivering the assets of business to claimants. It is an event that generally happens when a firm is insolvent, that is, not able to pay its due obligations.

Liquidation can also be defined as the process of selling off inventory, typically at high discounts.

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Absolute Advantage

What is an Absolute Advantage? Absolute advantage is one of the key macroeconomic terms, which is based on the principles of Capitalism and is often utilised i......
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