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bidding system
Introduction
Bidding is a mechanism for open negotiation and competition among potential buyers with the purpose of deciding the most competitive price and the party that can provide the best terms of a specific service or good. The term “bidding” denotes a situation in which potential buyers m......
14/07/2023 
1059 
Sophia
stock market bubble theory
What Is Stock Market Bubble?
A stock market bubble is a situation in which the price of a security or asset deviates from the intrinsic value and rises or falls sharply. It is often characterized by a period of rapid price increases followed by a sharp decline or crash in the market. The term is ......
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, ......
Hague Agreement on the International Deposit of Industrial Designs
The Hague Agreement Concerning the International Deposit of Industrial Designs
The Convention of 6 November 1925 is an international treaty concluded in the dutch city of The Hague in the Netherlands. Its purpose is to make it easier to obtain protection for the appearance of industrial products......
2008 Fortune Global 500 Ranking (1-100)
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The Global Fortune 500, a list of the worlds largest corporations as compiled by Fortune magazine, is a widely recognized ranking of the 500 wealthiest and most powerful companies around the globe.
After publication by the magazine, the annual list of the worlds largest companies is rarely for......
Benelux Customs Union
The dutch–Belgian–Luxembourg Economic Union
The dutch–Belgian–Luxembourg Economic Union (DBLEU) is a customs union between the Kingdom of the Netherlands, the Kingdom of Belgium, and the Grand Duchy of Luxembourg. The union went into effect in 1948 and is the forerunner of the Benelux Union, ......
unilateral promise
The History of the English Language
English is one of the most widely spoken languages in the world. It is the official language of more than 75 countries, and is spoken fluently by over one billion people across the globe. The history of the English language is rich and complex, spanning centuri......
bidding game
Auction Theory and Bidder Games
Auction theory is a branch of economics that studies bidder behavior in auction markets. Auctions offer a platform for buyers and sellers to trade goods, services, or financial assets at a specific price determined by the outcome of the auction. Auctions are organiz......
money overinvestment theory
The Overinvestment Theory of Currency
The overinvestment theory of currency is an economic theory that suggests that when investors invest too much money in a currency, there is an increased likelihood that the currency will experience a sharp downturn or devaluation in the near future. This conc......
Official School
The Official School
The Official School was a school of thought in early imperial China that combined aspects of law, Confucianism, military science and political tactics. It was founded by the official Cui Sheng, who was the Grand Minister of Emperor Chu Han in the former Han Dynasty.
The Offic......
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