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Importance of The Circular Flow of Income

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Importance of The Circular Flow of Income

The circular flow of income and expenditure refers to the continuous production of products and services, income and expense in an economy. The different parts of expense and national income, for instance, investment, saving, exports, imports, government expenditure, taxation, etc. are displayed as currents and cross-currents in the circular flow of income.

Importance of the Circular Flow

The central concept of a circular flow is that it gives a clear picture of the economy. It also helps in understanding whether the economy is operating efficiently, or there are any obstacles in its smooth operation.

Therefore, the circular flow is significant for the functioning of the economy and helping the government in formulating various policy measures. Apart from the economy, the other important factors are.

  • Effects of Leakages and Inflows – The leakages allow us to study the national economy and its impact. For instance, imports are leakages going out of the circular flow of income, as it is paid to a foreign nation. To prevent this leakage, the government should acquire suitable measures such as decrease imports and increase exports.
  • The connection between Consumers and Producers – It builds a link between consumers and producers.
  • Builds a Network of Markets – After creating a link between the consumer and producer and a network of markets for various products and services, problems relating to purchasing and sales are solved automatically.
  • Basis of Flow of Funds Accounts – It helps in evaluating a country’s income in terms of the flow of funds accounts. These accounts are concerned with transactions of the economy that are fulfilled by money transfers.
  • Importance of Monetary Policy – It brings equality between investment and saving in the economy indicates the importance of fiscal policy.
  • The base of the Multiplier – In case, in a circular flow of income, if the leakage exceeds the injections, the total income becomes less than the total output.

For more information on economics sample paper class 11, stay tuned to BYJU’S.

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Business At Its Peak With The Cash Discount Program

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Cash Discount Program

First, you must understand customers are compared as goddess Lakshmi for businessmen as they bring prosperity, now to benefit the business a customer’s goodwill comes first in priority. Credit card processing reseller program is a process in which customers or retailers paying via cash enjoy a privilege of discount, unlike the ones who use the card payment options.

How merchants can provide benefits

Merchants can incentivize cash payments by offering a discount on the posted credit or debit card prices for customers that pay by cash or check. By including a service fee in the posted price, cash payments offset the payment processing charges that come with card transactions. Today there is a multitude of ways to pay – cash, check, credit card, debit card, mobile and online, which is convenient for the younger, tech-savvy generations.

Adjust, don’t compromise!

This credit card processing reseller program provokes the customers and retailers to choose the option of cash or check payment over card payment. Added services are automatically and randomly generated as soon as you opt to pay via card. Being a merchant you never have to change your pricing.

Better for Business, Better for Customers

When you realize how efficient and useful the cash discount program serves you, you will undoubtedly support this program and opt for it every single time. The benefits are beyond measure and they are stated below for your convenience

  • Simplicity to its best

Any program that is new must be according to the user interface, it must be capable of easy interpretation by every retailer and customer and merchants. Always know that each product you choose has an added service charge to it, but as soon as you opt for cash payment it is deducted while billing, when the customers skip the extra charge it also benefits the retailers and indirectly benefiting the merchants to a higher scale.

  • Fees reduction

The credit card charges are the fees that cut into the merchant’s profit margin. Using this cash discount program the merchants can reduce the credit card interest rates and also benefit himself.

  • Less debt

Merchants are capable of holding their profit margin intact and also reducing the offs on credit card charges.

How does the cash discount program work?

As part of our unbeatable merchant services, the cash discount program is the perfect solution for a plethora of businesses, including retail, restaurants, convenience stores, and more. To understand exactly how it works, take a look at the sequence below:

  • Price of Goods

Businesses using our cash discount program price their goods at the price customers would pay using a credit card.

  • Cash Discount Offer

Once your customer gathers their goods and is ready to pay, they notice the signage near your register which informs them that all prices posted in the store are credit card prices.

  • Payment

At this point, the customer can choose to pay the listed price using their credit card or pay the discounted price with cash.

With so many types of payment options, credit card processing reseller program can be a challenge for businesses with smaller budgets. Nevertheless, a new technique can overall affect a businessman’s capability to keep a stable business because of the complex payment technology that she or he has to opt for.

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Marking or engraving? This is the dilemma: Three criteria to avoid making the wrong decision

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Laser engraving

In the previous article, we explained the fundamental differences between laser marking and laser engraving, which are often wrongly confused. In marking, the laser melts the material through heat and modifies its shape to imprint a permanent code or mark.

Laser engraving, on the other hand, vaporizes the material. The laser beam penetrates deeper into the surface and removes the upper layers by sublimating them, or rather through a direct transition from solid to a gaseous state. This is because the laser hits localized areas with a high intensity of energy and therefore heat.

But how do I choose whether to mark or to engrave?

Now that we understand the difference between the two processes, let’s now define what are the main parameters that lead us to choose one over the other:

1 Marking resistance

Laser engraving penetrates the surface more deeply and is recommended for all those components that are at risk of wear due to the environmental conditions in which they will be set, or that are subjected to post-marking process surface treatments such as sandblasting, shot peening, e-coating or heat treatments

2 Speed

Marking is a process that takes less time than engraving, precisely because it penetrates the surface of the material less deeply. If the component is not subjected to a particular stress, such as with home appliances, electronic, promotional, and jewelry components, marking also guarantees speed mixed with the permanence of the result.

3 The material and its compatibility

As already explained, while marking dissolves the material by modifying its roughness, engraving sublimates the material by creating grooves. To do this, the laser must be powerful enough to vaporize the material in a few milliseconds and the material to be marked must have an adequate sublimation temperature, so deep engraving is not always possible.

When laser engraving occurs, it is important that the laser marker is equipped with a suitable exhaust system. LASIT has designed its exhaust fan, specifically designed to maximize the level of protection of both the environment and the laser itself.

Now that we have a more precise picture of the parameters that lead us to recommend one rather than the other process, it is time to find out about the 10 guidelines for choosing a good laser marker.

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