Tag: situation

Personal injury law is a legal field that deals with cases where an individual suffers harm or injury due to someone else's negligence or...

Are you the proud owner of an old car? If so, you're in good company! A lot of people choose to keep their old...

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that...

What is 'Ifo Business Climate Survey' A key monthly survey that measures the business climate in Germany. It is widely followed as...

DefinitionA natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of...

What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of...

What is rationing and why was it used during World War II Rationing is a system of limiting the availability of goods or services to...

DefinitionNormal backwardation, also sometimes called backwardation, is the market condition wherein the price of a commodities' forward or futures contract is trading below the...

DefinitionContango is a situation where the futures price of a commodity is higher than the anticipated spot price at maturity of the futures contract....

What is imperfect competition and why does it exist Imperfect competition is a type of market structure where there are not enough buyers or sellers...