Economics

The Commodity Credit Corporation (CCC) is a state-owned American enterprise (SOE) with the mission of supporting the domestic agricultural sector. Since 1933, it has acted…

Request Letter for Wholesale Price List [A request for wholesale price list letter is written by a dealer who is interested in starting or continuing…

Agricultural value chain finance Agricultural value chain finance is concerned with the flows of funds to and within a value chain to meet the needs…

An actuarial life table is a table that indicates the likelihood of a person of a particular age dying before their next birthday. It is…

The morbidity rate is an evaluation of the occurrence of an incident that makes it known or happens in a given population. In actuarial industries,…

Farm income refers to profits and losses that are incurred through the operation of a farm or agricultural business. Profit crop is an agricultural crop…

Value deflation, also known as ‘shrinkflation’, happens when manufacturers and service providers decrease their prices and sell fewer packages, deliver smaller items, or simply produce…

The Internal Revenue Service (IRS) is responsible for assessing, reviewing, and receiving tax revenue in the federal government of the United States (U.S.) Founded in…

Capacity utilization refers to the production and processing capacities used by a nation or organization at any given time. It is the relationship that is…

Capacity costs are in essence fixed; it is an expense incurred by a corporation or entity to pay for or improve its ability to perform…

Capital is defined as “All those man-made goods which are used in further production of wealth.” In economics, capital consists of assets that can enhance…

The aim of a customs union is to make free trade with each other easier for member countries. The union eliminates the administrative and financial…