The noun STRATIFICATION has 5 senses: 1. the act or process or arranging persons into classes or social strata. 2. the condition of being arranged in social strata or classes within a group.3. forming or depositing in layers. 4. a layered configuration. 5. the placing of seeds in damp sand or sawdust or peat moss in order to preserve them or promote germination. Familiarity information: STRATIFICATION used as a noun is common.ouns denoting acts or actions. Hypernyms (stratification is a kind of...): assortment; categorisation; categorization; classification; compartmentalisation; compartmentalization (the act of distributing things into classes or categories of the same type).
The business entity concept, also known as the economic entity principle, states that all business entities should be accounted for separately. In other words, businesses, related businesses, and the owners should be accounted for separately.
An economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production and a common external trade policy. When an economic union involves unifying currency it becomes a economic and monetary union. Purposes for establishing an economic union normally include increasing economic efficiency and establishing closer political a