ADAM SMITH
A philosopher and free-market economist during the 18th century, famous for his ideologies about the efficiency of labor division and individuals' societal benefit in pursuance of one's self-interest. In the first book of Smith, entitled The Theory of Moral Sentiments, the idea of the invisible hand, or the free-market's tendency of self-regulation through competition, self-interest, demand and supply was proposed. Adam Smith was also known for his wage differentials compensation theory, wherein undesirable or dangerous jobs will mostly likely be paid with higher wages to attract workers on these positions. Smith died in 1790.
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Multinational Corporation - MNC
A corporation that operates in different countries. These companies have offices and/or factories in several nations and have a centralized head of ...
Hard Sell
Sales practice denoted by forceful language. Hard sell is considered to be a high-pressure method, as it is designed to get a consumer purchase a g ...
Usury Laws
Usury laws are laws that regulate the amount of interest that may be imposed on a loaned fund or asset. The purpose of usury laws are to do away wi ...
Capital Saturation
An economic status in which actual income is big and is assumed to continue to bolster, causing the general public, huge companies and even public ...
60-Plus Delinquencies
Mortgage loan that is over 60 days past due on their debt payments. These are expressed as a percentage of a group of loans within a given time per ...
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Retirement Planning: Last-Minute Preparation
The road to comfortable and enjoyable retirement is not an easy road. You will experience some challenges along the way as you save up for your gol ...
Ethical Investing: Leaving an Ethical Imprint
After selecting the rightful ethical investments and making it work, it is about to decide how to disburse your assets after you die. You have two ...
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Principles of Trading: Charting
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