An IRA is an Individual Retirement Account. It’s similar to a 401K, except that you can get one even if your employer doesn’t offer it. This is particularly great if you’re self-employed or a small business owner! But, even if you have a 401(K), you can still get an IRA. And we’ll discuss later whether […]
401(K)s can seem unnecessarily complex when you’re first looking into them. But the gist is that a 401(K) is a saving account you can’t touch until you retire. And – the biggest perk – is that any money you put in comes out before taxes come out. But, like all money, it’s going to get […]
Recession and depression are often used interchangeably to describe the economy. Though they can also describe the job, housing, or manufacturing markets. Among other things. But are a recession and a depression the same thing? Spoiler: no, they’re not. The National Bureau of Economic Research (NBER) officially declares when we’re in a recession or depression. […]
Bitcoin and other cryptocurrencies are often lauded as innovative technology with a promising future. Decentralized and offering full transparency per transaction, some have welcomed cryptocurrency as a method of exchange, while others have openly criticized the fanfare that sometimes surrounds it. Regardless of personal opinions about the use of Bitcoin and other cryptocurrency, what are […]
Internet auction sites, such as eBay, are great ways to get deals on just about anything. Often you can find rare items on these sites that would be almost impossible to find at a typical department store or shopping mall. However, while there are big advantages of online auction sites, there are also drawbacks, not […]
The loss of a job, an unexpected illness or injury, or other common situation that people face in their lives everyday can put a strain on your finances. Anyone who has ever fallen behind in paying their bills has probably received a demand letter or threatening telephone call from their creditors. Creditors are entitled to […]
If you asked most people to name a major organization that deals with international trade issues, then the most common answer you are likely to receive is the World Trade Organization (WTO). However, the WTO is not the only major organization when it comes to international trade regulation. The United Nations Commission on International Trade […]
Blue sky laws are state laws and regulations that are meant to protect potential investors from investing in securities–like bonds and stocks–that may be highly risky or even fraudulent. These blue sky laws have a colorful history dating back more than a century and today they are an important element in helping states crack down […]
An agreement between a manufacturer to sell and ship goods to a merchant located across the country or around the world can involve many issues, such as price, quantity and terms of payment. Their agreement would include the method of transportation to be used to ship the goods and might mention that the goods are […]
Palimony is a term that many people have likely heard before, but few people – aside from those who work in a legal profession- would be able to define it. While essentially a form of alimony, palimony differs from alimony in many important ways, both in terms of legal definition and in how palimony and […]
The amount of paperwork associated with borrowing money from a bank can be truly daunting. Whether you are taking out a loan to get money to buy a car or borrowing to purchase a new home, one of the most important documents the lender will ask you to sign is a promissory note. Notes payable […]
Financial identity theft is a serious and growing problem in this country. Unlike other theft crimes in which you know that money or valuables have been taken from you, it could be days or weeks before you become aware that you have been the victim of a crime. The Bureau of Justice Statistics of the […]
Whenever you apply for a credit card, submit a loan application to a bank, apply for a mortgage to buy a house, or finance the purchase of a car, the lender uses the information contained in your credit report as a determining factor in making the decision to extend credit or approve a loan. If […]
Social class different classes beneath it due to its power and influence. Less than 1% of population but may control up to 2/3rds of national wealth.
Upward shift of an economic cycle from a recession to a steady state or expansion. Opposite of downturn.
Economics. It is impossible to measure utility derives=d from services and goods but it is possible to rank in preference of the consumer.
1. Manufacturing. Analysis identifying and selecting alternatives with best value for materials, design, systems and processes. Also known as value engineering. 2. Purchasing. Replacing items with more cost effective items. Also known as value in use analysis.
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