What is Brexit? Brexit is the term used to describe the United Kingdom’s exit from the European Union. In a referendum held on June 23, 2016, more than 17 million British citizens voted in favor of Brexit, while over 16 million voted against it. This margin of 52% to 48% […]
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Broad Money
Definition of Broad Money Broad money, often referred to as M3 (see also measures of money supply), is a comprehensive measure used to gauge the total amount of money circulating within an economy. It encompasses all forms of money, including physical currency (cash and coins) as well as various types […]
Read moreBureaucracy
Definition of Bureaucracy Bureaucracy refers to a system of administration of government or business that involves a large number of non-elected officials and bureaucratic procedures. In other words, it describes a way of organizing and managing activities that rely heavily on rules, regulations, and formalities. Bureaucracy is often associated with […]
Read moreBusiness Ecosystems
Definition of Business Ecosystems Business ecosystems describe the interdependent network of firms, suppliers, distributors, customers, and other stakeholders that contribute to the success or failure of a particular industry, market, or geographic region. A business ecosystem includes all the interactions and transactions between different players and comprises both physical and […]
Read moreBusiness Intelligence (Bi)
Definition of Business Intelligence (BI) Business Intelligence (BI) refers to the process of using technology, software, and other tools to analyze and interpret data to gain insights that can be used to make better business decisions. BI helps organizations to collect, integrate, analyze, and display data in a way that […]
Read moreBusiness-To-Business (B2B)
Definition of Business-to-Business (B2B) Business-to-business (B2B) refers to the exchange of goods or services between businesses, rather than between a business and a consumer. This type of transaction is commonly seen in supply chains where one business provides products or services that are used by another business. Example A classic […]
Read moreCap And Trade
Definition of Cap and Trade Cap and Trade is a system designed to limit pollution by putting a cap on the amount of pollutants that companies can emit. The government sets the maximum amount of pollution allowed, and companies can either reduce their emissions below that cap or purchase the […]
Read moreCapacity Utilization Rate
Definition of Capacity Utilization Rate Capacity Utilization Rate (CUR) represents the extent to which a company uses or operates its resources, such as plants, factories, and other assets, to produce goods or services to their maximum potential, compared to their actual output. It is typically expressed as a percentage and […]
Read moreCentrally Planned Economy
Definition of a Centrally Planned Economy A centrally planned economy is an economic system in which the government makes all the important economic decisions. In this system, the government typically owns and controls all the key industries, decides what goods and services will be produced and how much they will […]
Read moreCeteris Paribus
Definition of Ceteris Paribus Ceteris Paribus is a Latin phrase that means “all other things being equal.” In economics, it is used to indicate that the effects of a particular change on a variable are being considered while holding all other factors constant. That means, when analyzing the relationship between […]
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