The success of a startup is a function of volume and value; volume being the number of customers it can serve, and value represented by what those customers are willing to pay for the startup's product or service. Volume and value in turn dictate the economic rent the company is able t...
33. to act so as to be what is specified: to make sure. 34. to be made, as specified: This fabric makes into beautiful drapery. 35. to move or proceed in a particular direction: to make after the thief. 36. make away with, to carry off; steal. 37. make for, a. to move...
The gold standard was completely replaced byfiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money, and in Nigeria, the naira is. ...
Amultiplieris a factor in economics that proportionally augments or increases other related variables when applied. Multipliers are commonly used inmacroeconomics, the study of the economy as a whole. The Keynesian multiplier demonstrates that the economy will flourish as the government increases spending...
The United Nations Federal Credit Union—UNFCU—decided to use the Balanced Scorecard to focus on its strategy and corporate performance management. Its leaders went so far as to link projects and people to that strategy through incentive compensation, and they now manage performance on a monthly ...
The obesity crisis will not have a solution devised by left or right ideology—but experience indicates that the private sector needs the incentive of regulation before it starts taking public health emergencies seriously. A. They are not aware of the consequences of obesity. B. They have not ...
Chapter 1. What Is the Token Economy? Token economics can be understood as a subset of economics that studies the economic institutions, policies, and ethics of the production, distribution, and … - Selection from What Is the Token Economy? [Book]
The American conversation about high-speed rail has an internal debate that greatly bothers me, about whether investments should be incremental or not. An interview with the author of a new book about the Northeast Corridor reminded me of this; this is n
Common examples of these incentives are class stipends, paying for some or all of a continuing education or Masters’ program. Another incentive includes bringing in guest speakers to discuss non-core topics, for example, how athletes make decisions or how an entrepreneur grew a different type of...
Monetary policy, an economic tool used in monetarism, is implemented to adjustinterest ratesthat, in turn, control the money supply. When interest rates are increased, people have more of an incentive to save than to spend, thereby reducing or contracting the money supply. Contrarily, when inter...