Business

The modified internal rate of return (commonly denoted as MIRR) assumes that positive cash flows are reinvested at the firm’s cost of capital and that…

Public service is a service intended to serve all members of a community. A public service company or public utility company is a corporation or…

Stranded costs are costs that were previously absorbed by the divested business but remain with the parent company following separation. In discussions of electric power generation…

Laissez Faire It is the principle of non-intervention by the government in any commercial affairs. It is a French phrase that translates to “leave us…

Happiness Economics or the economics of happiness is the formal academic study of the relationship between individual satisfaction and economic issues such as employment and…

Corporatization is the privatization of a publicly-owned organization. It is the process of transforming state assets, government agencies, or municipal organizations into corporations. It refers to…

Primitive Socialist Accumulation, sometimes referred to as the socialist accumulation, was a concept developed by the Soviet economist Yevgeny Preobrazhensky to analyze the New Economic…

Full-reserve banking occurs if banks keep all deposits in reserve. Full-reserve banking is a proposed alternative to fractional-reserve banking in which banks would be required…

Capitalism is based on private ownership of enterprises such as factories, plantations, mines, offices or shops, and the operation of these assets for profit. Other…

Stranded assets are investments that are not able to meet a viable economic return and which are likely to see their economic life curtailed due…

Kite Flying Dealing in accommodation bills (such bill being known as a kite) to raise money is called kite flying. is originally a technical term…

Economic liberalism is based on the principles of personal liberty, private property, and limited government interference. It is a political and economic philosophy based on strong…