Category: Economics
Physical capital is a crucial concept in economics, serving as one of the primary factors of production alongside land and human capital. This article explores what physical capital is, how it functi...
Category: Economics
A **share certificate**, also known as a stock certificate, is a physical document that serves as legal proof of ownership of a specified number of shares in a corporation. While its importance has d...
Category: Economics
Objective probability plays a pivotal role in understanding the likelihood of events occurring based on empirical evidence and data analysis rather than subjective interpretations or gut feelings. Th...
Category: Economics
Video conferencing is a transformative online technology that enables users—regardless of their geographical location—to engage in face-to-face meetings without the need to gather in a physical space...
Category: Economics
A **merchant bank** is a financial institution that primarily offers a blend of financial services to corporations and high-net-worth individuals (HNWI). Unlike retail or commercial banks that cater ...
Category: Economics
Cottage industries are often seen as the backbone of craftsmanship and local economies, characterized by small-scale manufacturing operations typically run from homes or small workshops. This model i...
Category: Economics
Investors in pooled funds, particularly in private equity and hedge funds, need to grasp the concept of a **distribution waterfall**. This allocation mechanism dictates how the returns from investmen...
Category: Economics
Cost of Goods Sold (COGS) is a critical financial metric for businesses, encompassing the direct costs related to producing the goods a company sells. Understanding COGS is vital for evaluating a com...
Category: Economics
The law of diminishing marginal productivity is a fundamental principle in economics that plays a crucial role in productivity management and decision-making for managers. It articulates a vital conc...
Category: Economics
Benjamin Graham, an English-born investor and researcher, is widely recognized as the father of value investing. His groundbreaking work in the early 20th century laid the foundation for the fundamen...