Precautionary Principle Analysis The precautionary principle to risk management states that if an action or policy includes a suspected risk of causing difficulties for the public in order…
Planning Fallacy The planning fallacy requires in which predictions of existing tasks’ completion times are definitely more optimistic than this beliefs about prior completion times for similar…
Reporting Bias Reporting bias is understood to be “selective revealing or perhaps suppression of information” by subjects. In empirical research on the whole, the term reporting bias…
Intermediate Good Intermediate Good is an intermediate good is a good or service that may be used in the actual eventual production of final good, or finished…
Intermediate Consumption Intermediate consumption is definitely an economic concept used in national accounts, such as the United Nations Program of National Records (UNSNA), the European Nation’s Income…
Spontaneous Order Spontaneous order is the spontaneous emergence of order from seeming chaos. It’s a process found inside physical, biological, and support systems, as well seeing that…
Professional Responsibility Professional Responsibility legal and moral duty of your professional to apply his / her knowledge in ways in which benefit his / her client, and…
Fiduciary Management Fiduciary management is an investment governance solution which involves the trustees delegating certain components of the investment process with an investment expert – the actual…
Green National Product Lots of people are calling for a green national product that may indicate if pursuits benefit or harm the economy along with well-being. This Green…
Genuine Progress Indicator Genuine Progress Indicator is metric utilized to measure the economic growth of any country. It is often considered as a substitute to the more renowned…
Defined Contribution Plan Defined Contribution Plan is a retirement plan where a certain amount as well as percentage of money is defined aside each year by way of a…
Cumulative Process According to the idea of cumulative process, if the natural rate was not add up to the market price, demand for investment and level of…