In general, individuals play the role of consumers within the economy. While many businesses exist to provide goods and services to other businesses,… How...

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rath...

A prediction (Latin præ-, “before,” and dicere, “to say”), or forecast, is a statement about a future event. They are often, but not always, based upon ex...

Typically, the word “requisition” means a written demand or request. Therefore, a job requisition is the formal documentation used to request a new hire, ...

Since the forward and reverse rates are equal, the concentrations of the reactants and products are constant at equilibrium. The equilibrium constant can ...

Many experts suggest starting with 10,000, but companies can authorize as little as one share. While 10,000 may seem conservative, owners can file for mor...

A fixed or pegged rate is determined by the government through its central bank. The rate is set against another major world currency (such as the U.S. do...

The letter of credit is a primary instrument of payment, so the goal is to use the letter of credit to complete the transaction. In contrast, a standby le...

Owned by Dow Jones & Company, it measures the daily price movements of 30 large American companies on the Nasdaq and the New York Stock Exchange. It i...

If fall in price of a commodity causes total expenditure (or total revenue) to increase, demand for the good is elastic (ep > 1). 2. If fall in price o...