1. Capitalism - Force of Social Change
Historic materialism is defined as a society's past performance and present capabilities of satisfying the basic means of life. ... These steps are primitive socialism, feudalism, capitalism, socialism, communism and then anarchy. ... Power is defined as control of the resources. ...
Glautier & Underdown (1991) bring our attention to the fact that accounting was defined the following way by Littleton (1953): "The central purpose of accounting is to make possible the periodic matching of costs (efforts) and revenues (accomplishments). ... In 1961 the AICPA, or American Institute of Certified Public Accountants, defined accounting as "the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the result thereof". ... In 1966 the American Accou...
The vast economic reformations undertaken by China at the end of the years seventy, the peaceful breakup of the communism of the Soviet block at the end of the decade of 1980 and the one roots and constant growth of the reformations with base in the market that took place in the democratic India in the years ninety, figures among the most notorious examples in this tendency. ...