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The theory of finance at its present state cannot explain some anomalies. For instance, in empirical finance, there is a documented "size" effect, with stocks of large-cap
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there are 6 basic approaches to IR in India. 1. psychological approach. 2. Sociological approach. 3.Human Relations approach. 4. Socio-ethical Approach. 5. Gandhian Approach. 6.Systems
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1) Income. 2) Expenditure. 3) Value-added in production.
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The main advantage of the layered approach is modularity. The layered are selected such that each uses function and services of only lower level layers. This approach simplifies debugging
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