Marxian Economics
Marx and Economic History
There is no doubt that Marx's political philosophy, along with the modes of production and labor theory of value, have profound...
Equation of Exchange
What is the equation of exchange and what does it mean for economics
The equation of exchange is a mathematical formula that is used to...
The Underground Economy
Underground economy is a term used to describe an unregulated, illegal market in which people trade in goods and services that are not legal....
Delta Hedging
Three Types of Delta Hedging
When looking to protect your portfolio from market risks, you can use a strategy known as delta hedging. This strategy...
Sweep Account
What is a sweep account and how can it help you manage your money more effectively
A sweep account is a type of bank account...
What is a Privileged Communication?
There are many types of privileged communication, including: Legal advice, Attorney-client privilege, Speaking (but not spoken to) spouse privilege, and more. Let's explore the...
Capitalized cost Explained
This accounting principle can be explained by the construction of a new factory. The capitalized cost of the building asset can be added to...
Notional Value
What is notional value and how is it used in business
Notional value is a term used in business to describe the value of something...
LIFO Reserve
The FIFO method requires the addition of a LIFO reserve to FIFO inventory. In order to benefit from the LIFO method, the firm must...
The Difference Between Linear and Nonlinear Regression
There are several differences between traditional linear and nonlinear regression. Classical assumptions are violated in nonlinear regression. In addition, the functional form is not...