Business

Holder in Due Course The holder is the person who is entitled in his own name to the possession of a negotiable instrument. Holder in…

Liquidity describes the extent to which an asset can be bought and sold quickly, and at stable prices. In business, economics, or investment, market liquidity…

Labor economics seeks to understand the functioning and dynamics of the markets for wage labor. It is a study of the labor force as an…

Hire Purchase System The Hire-purchase system is a special system of purchase and sale of goods. It is a system of payment for a commodity…

Domestic sourcing is the activity of contracting for goods or services that are delivered or manufactured within the buyer’s home country borders. It refers to…

Occupational licensure is a form of government regulation requiring a license to pursue a particular profession or vocation for compensation. It the legal requirement that…

Offshoring is when production operations are performed in another country. It is the relocation of a business process from one country to another—typically an operational…

Precarity is a precarious existence, lacking in predictability, job security, material or psychological welfare. It is a state of existence in which material provision and…

Floating Exchange Rate Regime Exchange rates can be understood as the price of one currency in terms of another currency. A floating (or flexible) exchange rate…

Forex reserves or FX reserves are assets held on reserve by a central bank in foreign currencies. Foreign assets comprise assets that are not denominated…

Outsourcing agreement is an agreement between a business and a service provider in which the service provider promises to provide necessary services. It is a…

Exchange rates can be understood as the price of one currency in terms of another currency. Fixed Exchange Rate Regime is a regime applied by…