Free Rider: Definition and Features
In the economic field, it is known free rider or stowaway, as a problem that occurs when a natura...
Scale Economy (definition, advantages and disadvantages)
According to professionals in economic affairs, economy of scale represents a great competitivene...
The Lisbon Treaty What does it consist of?
The Treaty of Lisbon It is a document in agreement, signed by the European Union in Portugal in 2...
Nash equilibrium (definition and characteristics)
Before talking about Nash equilibrium, let's get to know a little about the creator of him, John ...
Activity Rate (Definition and calculation)
Activity Rate is an important variable that intervenes in the economic development of a country, ...
What are treasury bills?
They are known as "letes", as an abbreviation that refers to his nomination: treasure letters, wh...
What is the cash ratio and how is it calculated?
The cash ratio also known as bank reserve ratio or reserve ratio. It is part of the list of tools...
Sales Process (Definition, what to take into account, phases and importance)
The sales process, refers to the set of phases that a company must go through from its inception ...
Absolute Advantage (characteristics and importance)
The absolute advantage constitutes one of the many proposals in the economic field of Adam smith,...
Comparative Advantage: The Theory of Importance in Trading
The theory of comparative advantage It was established by the economist David Ricardo in 1817, an...