Prior to the Scramble for Africa, or the official partition of Africa by the major European nations, African econolnies were advancing in every area, particularly in the area of trade. The ainl of colonialisln is to exploit the physical, human, and econol11ic resources of an area to benefit the colonizing nation.
Net tangible assets represents the amount of physical assets minus the liabilities present in a business. The calculation takes the difference between the fair market value of tangible assets (cash, accounts receivable, inventory, capital assets, etc) less the fair market value of all liabilities (accounts payable, debt, etc). Net tangible assets exclude intangibles such as goodwill. Divestopedia explains Net Tangible Assets.
DEFINITION of 'Tangible Asset'. Assets that have a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset.Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.Next Up.angible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset.