This book is intended especially for teachers and students of commerce. An essential tool for students, undergraduates and students of related disciplines, this encyclopaedia offers clear explanations of concepts andprocesses, and the broadest coverage of the subject. This will be an indispensable reference aid for professionals inthe field, hobbyists, students, or any one interested in commerce. Ther terms defined in this book include laws, relationships, basic principles and concepts. Completely updated, this encyclopaedia contains terms, phrases, acronyms, and abbreviations from theever expandingworld of commerce. From the basic elements of theory to the most contemporary development, all is explained in this book.