Finance and Economics
supplementary loan
The Advantages of Taking Out a Supplementary Loan
When people are facing a financial crisis, it can be difficult to know where to turn. Fortunately, taking out a supplementary loan can provide much-needed relief. A supplementary loan is a short-term loan that can be used to help with an unexpecte......
13/07/2023 
1021 
Alice
variable capital
Variable capital is an important concept in economic analysis. It is a form of investment that involves the use of funds to purchase assets such as stocks, bonds, real estate, or other forms of investments. This form of capital is also referred to as working capital or financial capital.
The bene......
International Tax
International Taxation
Introduction
Taxation is a critical way of ensuring the financial resources are available to meet the costs of public services. In a globalized market, however, businesses are often exposed to multiple states’ taxation. Thus, managing the effects of international taxation......
Coase's third theorem
The Königsberg Bridge Problem, also known as the Seven Bridges of Königsberg, was a famous historical problem. The city of Königsberg in Prussia (now Kaliningrad, Russia) had seven bridges that connected two islands and one mainland portion, as seen in the image below.
The question presented......
Pigou Effect
The Pigou Effect was first defined by British Economist Arthur Cecil Pigou in 1920. Pigou described the effect as a “net increase in real national income which results from a shift of resources from an industry in which costs are falling to another industry in which costs are rising”. This effec......
international finance
International Finance
The globalization of the world economy has led to greater international competition, and along with it, the need for international financial management. In the modern world, businesses and financial institutions exist in a global environment. This has created a range of new ......
commercial profit
Business Profit
Making a profit is of paramount importance for businesses. Profit is what determines a company’s success and can decide whether a business will continue to move forward or will go bankrupt. Therefore, understanding how to achieve maximum profit is essential for every business.
T......
equal principal repayment method
Equal Principal Repayment
When taking out a loan or any other types of financing a borrower will need to meet certain obligations to repay that loan. One of these obligations is to make equal monthly payments over the course of the loan. This is known as an equal principal repayment.
Equal princi......
Neo-Marxist Urban Theory
Introduction
Marxist urban theory is based on the writings of Karl Marx, who wrote about the alienation of urban workers from their labor, their lack of ownership over their workplaces, and the lack of opportunities in cities. In Marxist urban theory, cities are seen as sites of production and s......
currency substitution theory
Introduction
Currency substitution (also known as dollarization) occurs when a country adopts an internationally accepted currency, usually the US dollar, to replace its national currency as its primary medium of exchange and unit of account. Although this practice has been around for centuries, ......
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