The Dow Jones, as it is often known, and whose full official name is the Dow Jones Industrial Average or Dow Jones Industrial Average (DJIA), is an index that tracks the 30 largest companies that are publicly traded on the New York Stock Exchange. (The New York Stock Exchange) and the Nasdaq stock exchange. The…
Opportunity cost represents the benefits that an individual, investor or business loses when choosing one investment alternative over another.
A trade deficit is an economic measure of international trade in which a country’s imports exceed its exports. A trade deficit represents an outflow of the domestic currency to international markets. It is also known as a negative balance of trade. Trade deficit = Total value of imports – Total value of exports How trade…
The Nasdaq Composite Index is a stock market index comprising 2,658 stocks representing the global Nasdaq market. Stocks entering the index must meet strict corporate governance standards and financial liquidity requirements. The Nasdaq Composite Global Index, mostly known as the Nasdaq Composite, is less exclusive than the Nasdaq Composite Select Index. Nasdaq Composite calculation methodology…
Japan, the third largest economy in the world by nominal GDP, is a country recognized for its ability to adopt and implement new ideas and concepts in the workplace. How have they achieved this? The country of the rising sun will be at the top of the media during the first days of November 2019…
The business cycle describes the rise and fall in the production of goods and services in an economy. Business cycles are generally measured by the rise and fall of real gross domestic product, or gross domestic product adjusted for inflation. The business cycle should not be confused with market cycles, which are measured using broad…
The definition of aporophobia involves the recognition of its etymology. This word comes from the Greek a-poros (without resources) = poor and phobos = fear. Consequently, its concept is tied to fear and rejection of people in poverty. On the same level as xenophobia, aporophobia implies a rejection, hostility and aversion to other people for…
Laissez Faire is an 18th century economic theory that opposed any form of government intervention in business affairs. The fundamental principle of laissez faire theory, a French word that translates in English as “leave alone” and in Spanish as “let do,” is that the less the government is involved in the economy, the better business…
Unfair business practices is a term that refers to the use of various deceptive, fraudulent, and unethical methods in order to do or obtain business. Unfair trade practices include false representation, fraudulent advertisements or misleading representation of a good or service, tied sales, false prizes or free samples, or false gifts, deceptive pricing, and failure…
A union is an organization that seeks to represent a collective of workers’ interests in negotiations with their employers about wages, hours of work, benefits and working conditions. Unions are often organizations found in specific industries and tend to be most common in companies engaged in manufacturing, mining, construction, transportation, and the public sector. However,…
