Deflation is an economic phenomenon that occurs when inflation in an economy is negative. That is, when the general prices of goods and services constantly fall instead of rising. When deflationary phenomena occur in an economy, they are generally associated with a recession or economic crisis, which indicates that the economy is stagnant and in…

A trade war occurs when one country retaliates against another by raising import tariffs or imposing other restrictions on the other country’s imports.

Globalization is a process of interaction and integration between people, companies and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, culture, political systems, economic development and prosperity, and human physical well-being in societies around the world. What are the…

The four components of corporate social responsibility Consumers are increasingly concerned about the types of businesses they choose to support. Likewise, employees are making career decisions based on organizations’ practices. We present the four dimensions of social responsibility so that you can positively impact the society around you (in your businesses and endeavors) and attract…

Artificial Intelligence (AI), which today is defined as one of the most notable advances of the Fourth Industrial Revolution, is the simulation of human intelligence processes through machines, especially computer systems. These processes include learning (the acquisition of information and rules using the information), reasoning (using the rules to make approximations or reach conclusions), and…

Small and medium-sized enterprises (SMEs) play an important role in the economy, employing large numbers of people and helping to shape innovation. Small and medium-sized enterprises (SMEs) are often considered the heart of emerging and developed economies. They are responsible for providing many jobs.

Compound interest is interest calculated on the initial principal or capital, which also includes all accumulated interest from previous periods of a deposit or loan.

How purchasing power parity is used To make a price comparison between countries that has any kind of meaning, a wide range of goods and services must be considered. The amount of data that must be collected and the complexity of drawing comparisons make this process difficult. To facilitate this, the International Comparisons Program (ICP)…

Marxist literature defines state capitalism as a social system that combines capitalism with ownership or control of a state. Many scholars maintain that the Soviet Union and the countries that were inspired by it, including Maoist China, were state capitalist systems.

Return on Investment (or Return on Investment, ROI) or also called return on investment, is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. Return on Investment attempts to directly measure the amount of return on a specific investment, relative to its…