Business

Contract theory is the study of how people and organizations construct and develop legal agreements. In economics, contract theory studies how economic actors can and…

The contract curve is the set of Pareto efficient allocations in an economy. In microeconomics, the contract curve is the set of points representing final…

Incremental Cost of Capital is a common concept used in the sense of capital budgeting and refers to the average cost of issuing one additional…

The single-strand chain involves the passing of information through a line of persons to the ultimate recipient. Under this communication pattern, the information flows from…

The official communication that takes place between superiors and subordinates is known as vertical communication. This is the most common form of communication in an…

Capitalism is an economic system in which private individuals or businesses own capital goods. Consumer capitalism refers to the manipulation of consumers to purchase a…

Without communicating with superior and subordinate, no organization runs a single day. Vertical communication occurs when information flows in a vertical direction up to down…

Financial leverage which is also known as leverage or trading on equity refers to the use of debt to acquire additional assets. It is related…

The natural rate of interest also referred to as the neutral interest rate, is the interest rate which is consistent with sustaining economic growth and…

A floating interest rate also referred to as a variable or dynamic interest rate, refers to a variable interest rate that changes over the period…

In an all-channel network, communications flow upward, downward, and laterally among all members of the group. Here all members of the group communicate with all…

A negative interest rate means that the path in which interest is usually supposed to be paid is reversed. It happens when interest is credited…