KONDRATIEFF WAVE
A cycle that describes long-term, high-growth, and low-growth economic periods. This was formulated by Nikolai Dmitrijewitsch Kondratieff (surname also spelled as Kondratiev), a Communist Russia era. He noted the almost 50-year economic cycle in European agricultural commodity and copper prices. He also believed these cycles were a property of the economic activity of capitalist nations, and involved in evolution and self-correction periods.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Student Loans: Consolidating Federal Loans
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Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
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