Топ-100

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Minimum wage

The minimum wage is the least amount of salary that employees of a business can be paid. Around the world, the minimum wage is enforced as a law that every company must follow. If companies do not give their employees at least the minimum wage, t ...

                                               

Random walk hypothesis

Random walk hypothesis is created as a neo-classical consumption function by Robert E. Hall, and it is related to an expectation theory in macro economics. This gives basis of how individuals do economic decision of present period and is used to ...

                                               

Three-sector hypothesis

The Three-sector hypothesis is a large-scale economic type theory. It says that there are three kinds of economic activities, which are very different from each other: Providing services. The extraction of raw materials. Manufacturing goods. Thes ...

                                               

Free rider problem

In economics, the term free rider refers to someone who benefits from resources, goods, or services without paying for the cost of the benefit. The term "free rider" was first used in economic theory of public goods, but similar concepts have bee ...

                                               

Information asymmetry

Information asymmetry is a concept in economics and contract theory. It says that in any given contract the two parties of the contract do not have the same information. Information economics is a field of science that looks at some of the proble ...

                                               

Moral hazard

Moral hazard is a term used in economics. Nobel laureate Paul Krugman explains moral hazard as "any situation in which one person makes the decision about how much risk to take, while someone else bears the cost if things go badly." In other word ...

                                               

Bazaar

bazaar is an Azerbaijani word which can be also seen in other languages like Turkish: pazar and Persian: بازار ‎. bazaar is an area that is always used for shopping. It can be a market place or a street of shops where things are exchanged or sold ...

                                               

Black market

The black market is the trade of goods illegally. Black markets operate outside the normal economy. The black market is different from the so-called Grey market, where goods are traded legally, but outside the common channels. Goods and services ...

                                               

Foreign exchange market

The foreign exchange market is a form of exchange for the international trading of currencies. The foreign exchange market is also known to be the largest in the world with over.1 trillion being traded every day. The markets are also open 24 hour ...

                                               

Free market

A free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or oth ...

                                               

Microeconomics

Microeconomics is the science of how people make decisions at the small scale. It is different from macroeconomics which looks at how the economy works as a whole. In microeconomics, we might look at how a person chooses what to buy at the store, ...

                                               

Demand

Demand is the total amount of goods or services which people want to buy, for a set price. The demand for an item indicates how much it is needed or wanted. This is important in economics, because the law of supply and demand will decide the pric ...

                                               

Elasticity (economics)

In economics, people talk about elasticity of an economic variable, usually supply or demand, in relation to another economic variable such as income or price. The elasticity of a variable is a measure of how much the variable changes in response ...

                                               

Equilibrium market price

An equilibrium market price is the price at which there is no tendency for it to change. When price is lower than the equilibrium price, quantity demanded will be greater than quantity supplied. There will be a tendency for the price to increase. ...

                                               

Market basket

In economics a customer basket, market basket or commodity basket is a set of different amounts of different goods and possibly services. The commodity basket will contain goods and services a typical consumer will likely need. Commodity baskets ...

                                               

Price controls

In economics, price control is the idea that the government fixes the prices that can be charged for a given product or service, in a given market. The government either fixes an absolute price that is charged, or a price range, with a minimum an ...

                                               

Pricing

Pricing is the creation of a price. In a market economy the price is made by supply and demand. The suppliers would like to get the price as high as possible and the consumers would like to pay as few as possible. Prices will be built if consumer ...

                                               

Scarcity

Scarcity in economics is the lack of various forms of capital. Scarcity can be used to describe an economic situation in economics, or it can be used to describe more general situations. In economics, scarcity is the result of people having "Unli ...

                                               

Supply

In economics, supply is the amount of something that companies are willing to provide in a market. The law of supply and demand will decide the price at which something will be bought and sold.

                                               

Supply and demand

Supply and demand is a model of microeconomics. It describes how a price is formed in a market economy. There are two determining factors on such a market, the number of things made available, called supply, and the number of things consumers wan ...

                                               

IS/LM model

The IS / LM model is a tool that shows the relationship between interest rates and real output in "the goods and services market" and "the money market". IS / LM model is used in Macroeconomics. The point of meet of the IS curve and the LM curve ...

                                               

Ricardian model

The Ricardian model is a model used in economics, named after David Ricardo. It is an easy way to explain trade between two countries, and the resulting gains. The model only uses workforce productivity to explain differences in international tra ...

                                               

Money

Money, also sometimes called Currency, can be defined as anything that people use to buy goods and services. Money is what many people receive for selling their own things or services. There are many kinds of money in the world. Most countries ha ...

                                               

Annual percentage rate

The term annual percentage rate, also called nominal APR, and the term effective APR, means the interest rate for a whole year, rather than just a monthly fee / rate, as applied on a loan, mortgage loan, or credit card. This rate is useful when b ...

                                               

Cashback reward program

When payment is made with credit card, sellers pay small percentage of the transaction to their bank or merchant. Many credit card companies, especially those in the United Kingdom and United States, share the commission with the owner of card by ...

                                               

Certificate of deposit

A certificate of deposit is a way to store money at a bank or credit union. A CD is written for a period of time: usually between three months and five years. The person who wanted the CD - the consumer - agrees to give the money to the bank for ...

                                               

Credit

When somebody borrows resources from somebody else, credit is the trust that they will later pay it back. The term often is used when somebody borrows money from a bank. This is called a loan. A bank may not give somebody credit if they do not th ...

                                               

Credit card

A credit card is a card which allows people to buy items without cash. Each card has a unique number. Using this number, plus other details on the card, the client can buy goods or services. The issuer of the card, then transfers the money to the ...

                                               

Credit history

Credit history or credit report is, in many countries, an information about past borrowing and repaying, including information about late payments and bankruptcy. The term credit reputation can be also used to describe credit history or credit sc ...

                                               

Debt bondage

Bonded labour or debt bondage is a term used to refer to a situation where someone has to work for the person who lent him money. Generally, the conditions of this form of labour are close to slavery. Bonded labour is one of the most common forms ...

                                               

Electronic money

Electronic money is money stored electronically, and spent by using a technical device, such as a smart card. If it is stored on a card, its use may be secured by a PIN code. In Japan, electronic money is commonly used to pay for train tickets. J ...

                                               

Fine

If someone is found guilty of a crime, their punishment may be to pay a fine, a certain amount of money. In many countries, fines can be ordered by police, court judges and some government officers. When agreeing to a contract with a business, a ...

                                               

Generally Accepted Accounting Principles

Generally Accepted Accounting Principles are the common set of accounting principles, standards and procedure that company use to make their financial statement. They can also be known simply as Accounting Standards.

                                               

Greshams law

Greshams law is commonly written: "Bad money drives out good." If people want one thing "good" money more than the other "bad" money, they will always offer the bad money in trade before the good money. Over time, the good money will be kept in p ...

                                               

Investing.com

Investing.com is a notable financial website. It provides financial news as well as information about market "quotes", foreign exchange, stocks, commodities, currencies, interest rates and more. As of December 2020, it is the second most popular ...

                                               

Loan

A loan is a type of debt. The borrower needs to repay the lender the sum of money loaned part by part over time in order to clear the debt. Acting as a provider of loans is one of the main tasks for financial institutions. For other institutions, ...

                                               

Millionaire

A millionaire is a person whose net worth is at least one million units of a currency. Millionaires are on average 61 years old with.05 in value. This includes things like the stock market or real estate, not just money. In June 2020, there were ...

                                               

Profit

Profit is how much money somebody makes. This is found by subtracting how much money they have spent from how much money they have brought in.

                                               

Sales

Sales are the activities involved in selling products or services in return for money or other compensation. It is an act of completion of a commercial activity. A salesman is someone who sells products or services, thus generating sales.

                                               

Travelers cheque

A travelers cheque is a preprinted cheque for a fixed amount. The person who buys it must sign it and then sign it again when he "cashes" it. It is a good way for a traveller to take money when going on holiday. If a travelers cheque is stolen it ...

                                               

World Money Fair

The World Money Fair is an international bourse of coins. A bourse is where dealers, collectors and the public to buy, sell and trade coins. In 1970 A. M Beck founded in Muinch the "Organisation of European Coins-Bourses", "Organisation Europaisc ...

                                               

No War but the Class War

No War but the Class War is a slogan that is used by people who do not like capitalism. It means that people should not go fight in wars, which they believe support the rich and powerful, but fight the rich and powerful instead.

                                               

Russian Organization for Intellectual Property

The Russian Organization for Intellectual Property VOIS is collective management society for neighboring rights established by Russian performers and record labels in 2008. Today VOIS unites more than 4.000 right-owners. In 2009 Rosohrankultura t ...

                                               

World Economic Forum

The World Economic Forum is a foundation based in Geneva, Switzerland. It is known for holding a yearly meeting in Davos in the mountains of Graubunden. Important leaders from politics and the economy are given an opportunity to talk about subjec ...

                                               

Economic liberalization

Economic liberalization is a theory about applying the ideas of classical liberalism to the government of a state: In very broad terms, it is about removing as much state control as possible from the economy. The state that follows this path ofte ...

                                               

Fiscal policy

When a state uses taxes and government spending to influence the economy, this is known as fiscal policy in economics and political science. Idea from John Maynard Keynes. The state can influence the following parameters: How wealth is distribute ...

                                               

Political economy

Political economy was the original term for the study of production, the acts of buying and selling, and their relationships to laws, customs and government. It developed in the 17th century as the study of the economies of states which placed th ...

                                               

Regulation

Regulation is the management of complex systems. It is based on a set of rules and trends. In systems theory, these types of rules exist in many parts of biology and society, but the term has slightly different meanings. For example: In psycholog ...

                                               

Tax rate

In a tax system, the tax rate is the ratio at which a business or person is taxed. There are several methods used to present a tax rate: statutory, average, marginal, and effective. These rates can also be presented using different definitions ap ...

                                               

Poverty

Poverty means not having enough money for basic needs such as food, drinking water, shelter, or toiletries. Many people in different countries live in poverty, especially in developing areas of West and Sub-Saharan Africa, Latin America, Caribbea ...

Encyclopedic dictionary

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Pino - logical board game which is based on tactics and strategy. In general this is a remix of chess, checkers and corners. The game develops imagination, concentration, teaches how to solve tasks, plan their own actions and of course to think logically. It does not matter how much pieces you have, the main thing is how they are placement!

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