the british isles (england ,scotland ,wales and northern ireland) were governed by the british government only. they devolved power to each individual country-scottish, welsh and irish assemblies which gave each certain but not total powers of government for each. hence devolution.
In business accounting, merchandising inventory refers to merchandise procured by a merchant for resell. Merchandising companies sell products such as clothing, auto parts and other tangible products. Merchandising inventory is different from manufacturing inventory, because the later constitutes products made directly by the manufacturer.
According to the Merriam- Webster Dictionary, Inventory is defined as, the quantity of goods or materials on hand. Inventory is also known as an itemized list of goods or valuables, with their estimated worth; specifically, the annual account of stock taken in any business by the online Dictionary.Com.