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Business

Nestle: Good Food, Good Life

History of Nestle Nestlé is an international company with its headquarters in Vevey, Switzerland. In 1867 Henri Nestlé, a chemist from Frankfurt who had settled in Vevey, became interested in infant feeding. To satisfy a clear need, he developed and produced a milk-based food for babies whose m.....

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Foreign Market Entry Strategy and Rules

Foreign Market Entry Strategy and Rules A market entry strategy is the intended process of delivering goods or services to a intention market and distributing them there. There are multiplicities of ways in which a business or organization can come into a foreign market. No one market entry strat.....

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About Bitcoin

About Bitcoin Definition Bitcoin is a digital currency that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment. It is not controlled or issued by any bank or government – instead it is an .....

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Black Economy

Black Economy is the segment of a country’s economic activity that is derived from sources that fall outside of the country’s rules and regulations regarding commerce. The activities can be either legal or illegal depending on what goods and/or services are involved. Examples include .....

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Bankruptcy Definition with Causes

When an institute is not capable to honor its financial obligations or make payment to its creditors, it files for bankruptcy. A petition is filed in the court for the same where all the outstanding debts of the company are measured and paid out if not in full from the company’s assets. Ban.....

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Theory of Financial Economics

Theory of Financial Economics Introduction Financial Economics is a branch of economics that analyzes the use and distribution of resources in markets in which decisions are made under uncertainty. Its concern is thus the interrelation of financial variables, such as prices, interest rates and sh.....

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Social Welfare Maximization

Social Welfare Maximization The Simple Analystics of “Welfare Maximisation” has presented a more thorough and systematic analysis of the problem of social welfare maximisation. It is a summary of the static long-run general equilibrium conditions of a perfectly competitive economy. It combine.....

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Introduction of Economic Policy

Introduction of Economic Policy Economic Policy is the term used to describe government actions that are intended to influence the economy of a city, state, or nation. Some examples of these actions include setting tax rates, setting interest rates, and government expenditures. It is a course of .....

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Introduction of Game Theory

Introduction of Game Theory Game Theory is an economical term. It is actually brought about a revolution in economics by addressing crucial problems in prior mathematical economic models. For instance, neoclassical economics struggled to understand entrepreneurial anticipation and couldn’t .....

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Market Power and Regulation

Market Power and Regulation Jean Tirole is one of the most influential economists of our time. He has made important theoretical research contributions in a number of areas, but most of all he has clarified how to understand and regulate industries with a few powerful firms. Thus regulation is es.....

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Definition of Mechanism Design Theory

Definition of Mechanism Design Theory Markets, or market-like institutions, often allocate goods and services efficiently. Long ago, economists theoretically proved this efficiency under fairly stringent assumptions concerning, among other things, the nature of the goods to be produced and traded.....

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Introduction of Macroeconomics

Introduction of Macroeconomics Macroeconomics is the branch of economics concerned with the study of aggregate economic activity. In macroeconomics, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product.....

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