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[1] Scientific knowledge must be based on observable phenomena and must be capable of being verified by other researchers working under the same conditions. [2] Natural, social, and formal science make up the fundamental sciences, which form the basis of interdisciplinarity - and applied sciences such as engineering and medicine.
Science is a systematic discipline that builds and organises knowledge in the form of testable hypotheses and predictions about the universe. [1] [2] Modern science is typically divided into two or three major branches: [3] the natural sciences (e.g., physics, chemistry, and biology), which study the physical world; and the behavioural sciences (e.g., economics, psychology, and sociology ...
As a method, the subject is termed national accounting or, more generally, social accounting. [1] Stated otherwise, national accounts as systems may be distinguished from the economic data associated with those systems. [2] While sharing many common principles with business accounting, national accounts are based on economic concepts. [3]
The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total value of a firm's assets. However, due to the fact that accounting is kept on a historical basis, the equity is typically not the net worth of the organization.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
This article lists forms of government and political systems, which are not mutually exclusive, and often have much overlap. [1] According to Yale professor Juan José Linz there are three main types of political systems today: democracies, totalitarian regimes and, sitting between these two, authoritarian regimes with hybrid regimes.
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The branch of social science that studies politics and government is referred to as political science. Politics may be used positively in the context of a "political solution" which is compromising and non-violent, [1] or descriptively as "the art or science of government", but the word often also carries a negative connotation. [2]